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.
AXTA Axalta Coating Systems Ltd
JNJ Johnson & Johnson
ORCL Oracle Corp
PGR Progressive Corporation (The)
PM Philip Morris Intl Inc
RSG Repub Svcs 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.
AFSI AmTrust Finl Svcs Inc
HT Hersha Hospitality Trust Cl A
TISI Team Inc
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.