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.
AAPL Apple Inc
COP ConocoPhillips
CXO Concho Resources Inc
DVN Devon Energy
IDTI Integrated Device Tech
WWD Woodward, 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.
ARR ARMOUR Residential REIT
CHD Church & Dwight
EXPE Expedia Inc
FRC First Repub Bank
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.