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
AXP American Express Co
BAC Bank of America Corporation
BHP BHP Billiton Ltd ADR
BKE The Buckle Inc
CCI Crown Castle Inc
DD DuPont de Nemours Inc
FCX Freeport-McMoRan Inc
FHN First Horizon National Corp
FNB FNB Corp (FL)
ING ING Grp ADS
KEY KeyCorp
M Macy's, Inc.
MS Morgan Stanley
MSTR Microstrategy Inc'A'
OZK Bank OZK
REG Regency Centers
RF Regions Finl Corporation
SCHW Charles Schwab Corp
USB US Bancorp
WFC Wells Fargo & Company
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
NONE
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.