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.
ABM Abm Indus Inc
BK Bank of New York Mellon Corp
CMG Chipotle Mexican Grill Inc
CREE Cree Inc
FL Foot Locker
FN Fabrinet
GHL Greenhill & Co Inc
HOLX Hologic Inc
HRC Hill Rom Hldg Inc
LCI Lannett Co
LOCO El Pollo Hldgs Inc
PYPL PayPal Hldgs Inc
QNST QuinStreet Inc
TDS Telephone & Data Systems Inc
VRTX Vertex Pharmaceuticals
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.
IIIN Insteel Industries Inc
MO Altria Grp
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.