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.
KLAC KLA-Tencor Corp
WDAY Workday 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.
RL Ralph Lauren Corp.
TROW T.Rowe Price Grp
UPS United Parcel'B'
VZ Verizon Communications
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.