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.
FII Federated Investors 'B'
GPS Gap Inc
JBLU JetBlue Airways
LB L Brands Inc
NXST Nexstar Media Grp Inc Cl A
SBGI Sinclair Broadcast Grp'A'
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.
PEGA Pegasystems Inc
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.