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.
ALL Allstate Corp
AVA Avista Corp
DE Deere & Co
ES Eversource Energy
MMC Marsh & McLennan Companies Inc
STAG Stag Industrial 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.
AMAG AMAG Pharmaceuticals Inc
MDCO Medicines Co
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.