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.
MAR Marriott Int'l Cl A
SGMS Scientific Games Cl'A'
VRNT Verint Systems
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.
FLT Fleetcor Technologies Inc
GRUB GrubHub Inc
PRGO Perrigo Co plc
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.