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.
AEL Amer Equity Inv Life
ALGN Align Tech
CM Canadian Imperial Bank of Comm
CNC Centene Corp
MCO Moody's Corp
NKE Nike Inc Cl B
TD Toronto-Dominion Bk
WTW Weight Watchers Intl
XYL Xylem, 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.
AZO AutoZone Inc
DKS Dick's Sporting Goods
FL Foot Locker
GPC Genuine Parts
ROST Ross Stores
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.