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.
BECN Beacon Roofing Supply Inc
CENX Century Aluminum
DNKN Dunkin' Brands Grp Inc
ERJ Embraer SA
GLNG Golar Lng Ltd
LBTYK Liberty Global plc Cl C
MD Mednax Inc
MEOH Methanex Corp
MLHR Herman Miller
STLD Steel Dynamics
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.