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.
DM Dominion Midstream Prtnrs LP
EMR Emerson Electric Co
IPXL Impax Laboratories Inc
PII Polaris Indus
SAFM Sanderson Farms Inc
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.
CMP Compass Minerals Intl
CPB Campbell Soup
PRAA PRA Grp Inc
UAL United Continental Hldgs Inc
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.