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
GTES Gates Ind Corp PLC
HOLI Hollysys Automation Tech
IMVT Immunovant 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
BOX Box, Inc
G GENPACT LIMITED
HOLX Hologic Inc
TKO TKO Group Holdings Inc
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.