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.
ABMD Abiomed, Inc
CXO Concho Resources Inc
IDTI Integrated Device Tech
ITT ITT Inc
KMT Kennametal, Inc
LNTH Lantheus Hldgs Inc
MSI Motorola Inc
NVDA Nvidia Corp
POL Polyone Corp
TER Teradyne Inc
WLK Westlake Chemical Corp
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.
ABC AmeriSourceBergen Corp
HOMB Home BancShs Inc
PF Pinnacle Foods Inc
VSTO Vista Outdoor Inc
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.