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.
AIRM Air Methods
CLVS Clovis Oncology Inc
DIS Disney (Walt) Co
FCE.A Forest City Realty Trust Inc A
FOX Twenty-First Century Fox Inc B
FOXA Twenty-First Century Fox Inc A
INCY Incyte Corp
NEP NextEra Energy Partners LP
SHLX Shell Midstream Partners LP
YELP Yelp 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.
ORLY O'Reilly Automotive, Inc.
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.