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Reversal Stock Trades For January 5
http://www.tigersharktrading.com/articles/46272/1/Reversal-Stock-Trades-For-January-5/Page1.html
By Reversal Trader
Published on 01/4/2024
 

Which stocks are setup to continue their reversal of price action?


Reversal Stock Trades For January 5

Entry on a break of the previous trading day's high. Avoid trade until bid/ask spread is one or two cents. Confirm trade with market and sector strength. Day trade setup is only good for the upcoming trading session.

Long-side setups

ADI Analog Devices
APTV Aptiv PLC
BC Brunswick Corp
BJ BJ's Wholesale Club Holdings
BWA Borg Warner
CIEN Ciena Corp
COR Cencora Inc
COST Costco Wholesale Corp
CVS CVS Health Corp
EW Edwards Lifesciences Corp
GNTX Gentex Corp
HAS Hasbro Inc
ILMN Illumina Inc
INTC Intel Corp
PNR Pentair Plc
ST Sensata Technologies Hldg N.V.
TMO Thermo Fisher Scientific Inc
VVV Valvoline Inc
WBA Walgreen Boots Alliance Inc
WBS Webster Financial Corp

Entry on a break of the previous trading day's low. Avoid trade until bid/ask spread is one or two cents. Confirm trade with market and sector weakness. Day trade setup is only good for the upcoming trading session.

Short-side setups

AR Antero Resources Corp
COP ConocoPhillips
CTRA Coterra Energy Inc
CVX Chevron Corporation
DVN Devon Energy
EOG EOG Resources
EQT EQT Corp
HAL Halliburton Co
JNJ Johnson & Johnson
LLY Eli Lilly and Co
MRO Marathon Oil Corp
MU Micron Tech
NEE NextEra Energy Inc
OXY Occidental Petro Corp
PM Philip Morris Intl Inc
RRC Range Resources
SLB Schlumberger Ltd
SO Southern Co Inc
WMB Williams Companies
XOM Exxon Mobil

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.