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.
ALL Allstate Corp
BDX Becton, Dickinson
DY Dycom Industries Inc
JWN Nordstrom Inc
LB L Brands Inc
LII Lennox Intl Inc
NDAQ NASDAQ Inc
PEG Pub Svc Enterprises
ROST Ross Stores
TCO Taubman Centers Inc
TSN Tyson Foods 'A'
VZ Verizon Communications
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.
NONE
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.