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.
BFR BBVA Banco Frances ADS
BMRN Biomarin Pharmaceutical
PII Polaris Indus
SWK Stanley Black & Decker Inc
UGP Ultrapar Participacoes SA ADS
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.
CPB Campbell Soup
NUVA NuVasive Inc
SBNY Signature Bank
UAL United Continental Hldgs Inc
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.