Find out which overbought and oversold stocks are poised for pullbacks to their mean.
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.
Long-side setups
FBIN Fortune Brands Innovations Inc
IP Intl Paper
MLKN MillerKnoll 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.
Short-side setups
BLCO Bausch + Lomb Corp
PRGO Perrigo Co plc
TAK Takeda Pharmaceutical Co Ltd
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.