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.
DIS Disney (Walt) Co
FOX Twenty-First Century Fox Inc B
FOXA Twenty-First Century Fox Inc A
INCY Incyte Corp
NEP NextEra Energy Partners LP
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.
BMY Bristol-Myers SQUIBB
SCMP Sucampo Pharmaceuticals Inc
TDG TransDigm Grp Inc
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.