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.
ALJ Alon USA Energy Inc
KBR KBR Inc
PTC PTC Inc
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.
CNI Canadian Natl Railway
CST CST Brands Inc
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.