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.
ALNY Alnylam Pharmaceuticals
DEI Douglas Emmett Inc
QUOT Quotient Tech 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.
DISCA Discovery Communications Inc
DISCK Discovery Comm Inc Ser C
NKE Nike Inc Cl B
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.