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.
DDS Dillard's Inc'A'
EXEL Exelixis Inc
GILD Gilead Sciences
HAIN Hain Celestial Grp Inc
MCO Moody's Corp
RICE Rice Energy 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.
STX Seagate Tech
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.