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Leading Pullback Setups For February 2
http://www.tigersharktrading.com/articles/46392/1/Leading-Pullback-Setups-For-February-2/Page1.html
By Pullback Trader
Published on 02/1/2024
 

Which trending stocks are forming orderly pullbacks?


Leading Pullback Setups For February 2

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

AA Alcoa Corp
ADI Analog Devices
AIG Amer Intl Grp
ASB Associated Banc-Corp
BAC Bank of America Corporation
BX Blackstone Inc
COF Cap One Finl
CROX Crocs Inc
DOW Dow Inc
EQH Equitable Holdings Inc
FITB Fifth Third Bancorp
GLW Corning Inc
GS Goldman Sachs Grp
HOLX Hologic Inc
MRNA Moderna Inc
MS Morgan Stanley
MU Micron Tech
NDAQ NASDAQ Inc
NUE Nucor Corp
PBF PBF Energy Inc Cl A
PRU Prudential Finl
PXD Pioneer Natural Resources
SNV Synovus Finl Corp
SYF Synchrony Finl
TFC Truist Financial Corp
UNM Unum Grp
VLO Valero Energy
WFC Wells Fargo & Company
XOM Exxon Mobil
XRAY Dentsply Sirona 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

ADM Archer-Daniels-Midland
CALX Calix Inc
CCI Crown Castle Inc
CNP Centerpoint Energy
D Dominion Energy Inc
DTE DTE Energy
HXL Hexcel Corp
LOPE Grand Canyon Education Inc
NARI Inari Medical Inc
NEM Newmont Corp
OGE OGE Energy Corp
PM Philip Morris Intl Inc
POR Portland General Electric Co
PPL PPL Corp
SBAC SBA Communications'A'
XEL Xcel Energy

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.