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.
CREE Cree Inc
LRCX Lam Research
NRG NRG Energy Inc
SKYW SkyWest Inc
TER Teradyne Inc
TMHC Taylor Morrison Home Corp
VLO Valero Energy
WB Weibo Corp
WLH William Lyon Homes
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.
EVH Evolent Health Inc
JCI Johnson Controls Intl Plc
SYMC Symantec Corp
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.