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.
MSGN MSG Networks Inc
NKTR Nektar Therapeutics
SFLY Shutterfly 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.
AEE Ameren Corp
RDY Dr. Reddy's Labs ADS
SO Southern Co Inc
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.