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.
ALGN Align Tech
FGEN FibroGen Inc
MU Micron Tech
PFE Pfizer Inc
SWK Stanley Black & Decker Inc
VIV Telefonica Brazil S.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.
MD Mednax Inc
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.