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Leading Pullback Setups For February 5
http://www.tigersharktrading.com/articles/46399/1/Leading-Pullback-Setups-For-February-5/Page1.html
By Pullback Trader
Published on 02/2/2024
 

Which trending stocks are forming orderly pullbacks?


Leading Pullback Setups For February 5

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

ABT Abbott Laboratories
ACHC Acadia Healthcare Co, Inc
ALLY Ally Finl Inc
ASH Ashland Inc
BIO Bio-Rad Labs Cl'A'
CMC Commercial Metals
CMCSA Comcast Cl A
DPZ Domino's Pizza
EXLS ExlService Hldgs Inc
FBIN Fortune Brands Innovations Inc
FYBR Frontier Communications Parent
G GENPACT LIMITED
GMED Globus Medical Inc
HOLX Hologic Inc
JKHY Henry(Jack) & Assoc
KMPR Kemper Corp.
LHX L3Harris Technologies Inc
MTCH Match Group Inc
NUE Nucor Corp
OLN Olin Corp
PXD Pioneer Natural Resources
RCL Royal Caribbean Cruises
RGA Reisnuran Grp Of America Inc
SLGN Silgan Hldg
VRTX Vertex Pharmaceuticals
VVV Valvoline Inc
VZ Verizon Communications
WWD Woodward, Inc.
XOM Exxon Mobil

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

AVT Avnet, Inc
BC Brunswick Corp
BG Bunge Global SA
BKR Baker Hughes a GE Co Cl A
CALX Calix Inc
CASY Casey's Genl Stores
CELH Celsius Hldg Inc
CGNX Cognex Corp
EBAY eBay Inc
FDX FedEx Corp
HUM Humana Inc
HXL Hexcel Corp
LNTH Lantheus Hldgs Inc
LULU Lululemon Athletica Inc
MAA Mid-Amer Apt Communities, Inc.
NXPI NXP Semiconductors N.V.
RHI Robert Half Inc
ROK Rockwell Automation
SNX TD SYNNEX Corp
WSO Watsco, Inc
ZBRA Zebra Technologies'A'

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.