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.
ANET Arista Networks
CAA CalAtlantic Inc
CMA Comerica Inc
DVAX Dynavax Tech Corp
FLXN Flexion Therapeutics Inc
ROST Ross Stores
SGMS Scientific Games Cl'A'
TXT Textron, 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.
CHD Church & Dwight
MNTA Momenta Pharmaceuticals
SCG Scana Corp
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.