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.
CALA Calithera Biosciences Inc
CLVS Clovis Oncology Inc
HRB Block (H&R)
NVCR NovoCure Ltd
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.
APC Anadarko Petro
K Kellogg Co
ORLY O'Reilly Automotive, Inc.
SJM Smucker (J.M.)
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.