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.
AXS Axis Cap Hldgs
CIEN Ciena Corp
DATA Tableau Software Inc
GRA Grace (W.R.) & Co
SEE Sealed Air
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.
CSTM Constellium N.V.
SM SM Energy Co
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.