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
AMT American Tower Corp
BBWI Bath & Body Works Inc
GTES Gates Ind Corp PLC
IMVT Immunovant Inc
RBA Ritchie Bros Auctioneers
SUN Sunoco LP
USFD US Foods Hldg Corp
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
HP Helmerich & Payne
XPRO Expro Group Holdings NV
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.