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
CM Canadian Imperial Bank of Comm
CMP Compass Minerals Intl
DIS Disney (Walt) Co
DNKN Dunkin' Brands Grp Inc
DRI Darden Restaurants Inc
DVN Devon Energy
GLNG Golar Lng Ltd
LBTYA Liberty Global plc Cl A
LBTYK Liberty Global plc Cl C
MIDD Middleby Corp
PE Parsley Energy Inc
USG USG Corp
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.
FRC First Repub Bank
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.