Tiger Shark Trading, Daily Commentary from Professional Traders - http://www.tigersharktrading.com
Leading Pullback Setups For December 11
http://www.tigersharktrading.com/articles/35967/1/Leading-Pullback-Setups-For-December-11/Page1.html
By Pullback Trader
Published on 12/8/2017
 

Which trending stocks are forming orderly pullbacks?


Leading Pullback Setups For December 11

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.

BLMN Bloomin' Brands Inc
GMED Globus Medical Inc
LZB La-Z Boy
PEG Pub Svc Enterprises
SON Sonoco Products
XRAY Dentsply Sirona 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.

BRKS Brooks Automation
SIG Signet Jewelers Ltd

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.