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.
CCI Crown Castle Intl Corp (REIT)
HCN Welltower Inc
HR Healthcare Realty Tr
NSA Natl Storage Affiliates Tr
PHM PulteGrp, Inc
SBAC SBA Communications'A'
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.
SCHN Schnitzer Steel Ind'A'
SEE Sealed Air
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.