Which trending stocks are forming orderly pullbacks?
Entry on a break of the previous trading day's high. Stop below the deepest pullback low. Fund managers like to trap pullback traders by triggering a pullback entry, so ignoring a first thrust can often lessen risk.
ALLE Allegion plc
AXLL Axiall Corp
CMP Compass Minerals Intl
DHI D.R. Horton
ITW Illinois Tool Works
JCI Johnson Controls
LECO Lincoln Electric Hldgs
TUES Tuesday Morning
VMC Vulcan Materials
Entry on a break of the previous trading day's low. Stop above the deepest pullback high. Fund managers like to trap pullback traders by triggering a pullback entry, so ignoring a first thrust can often lessen risk.
BCOR Blucora Inc
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.