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.
GDDY GoDaddy Inc
LPT Liberty Ppty Trust
NRG NRG Energy Inc
OSTK Overstock.com Inc
QCOM Qualcomm Inc
SAGE Sage Therapeutics Inc
SPLK Splunk Inc
TWTR Twitter Inc
WYNN Wynn Resorts Ltd
YY YY 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.
SBH Sally Beauty Hldgs Inc
SRCL Stericycle Inc
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.