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Leading Pullback Setups For February 6
http://www.tigersharktrading.com/articles/46406/1/Leading-Pullback-Setups-For-February-6/Page1.html
By Price Headley
Published on 02/5/2024
 

Which trending stocks are forming orderly pullbacks?


Leading Pullback Setups For February 6

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
ALLY Ally Finl Inc
BAC Bank of America Corporation
BK Bank of New York Mellon Corp
BX Blackstone Inc
C Citigrp Inc
CL Colgate-Palmolive Co
CMCSA Comcast Cl A
CPB Campbell Soup
CTVA Corteva Inc W
DE Deere & Co
FITB Fifth Third Bancorp
GM General Motors Co
HGV Hilton Grand Vacations Inc
HOLX Hologic Inc
IBM Intl Business Machines Corp
ICE Intercontinental Exchange Grp
IFF Intl Flavors/Fragr
KO Coca-Cola Co
MA Mastercard Inc
MDLZ Mondelez Int'l Inc Cl A
MDT Medtronic plc
MRNA Moderna Inc
MTCH Match Group Inc
NWSA News Corp Cl A
RCL Royal Caribbean Cruises
SYY Sysco Corp
TFC Truist Financial Corp
UGI UGI Corp
VZ Verizon Communications

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

BHF Brighthouse Finl Inc
CRUS Cirrus Logic
LSCC Lattice Semiconductor
MUSA Murphy USA Inc
ZTS Zoetis Inc

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.