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.
CIEN Ciena Corp
NRG NRG Energy Inc
OMC Omnicom Grp Inc
STOR STORE Cap 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.
BX The Blackstone Grp L P
CG The Carlyle Grp LP
PETS PetMed Express
STL Sterling Bancorp
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.