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
ADP Automatic Data Proc
BUD Anheuser-Busch InBev SA/NV
CB The Chubb Corp
CTLT Catalent Inc
EC Ecopetrol S.A.
MRK Merck & Co
SNOW Snowflake Inc
WDAY Workday Inc
WH Wyndham Hotels & Resorts 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
ARW Arrow Electronics
CALX Calix Inc
DQ Daqo New Energy Corp
GME Gamestop Corp
MXL MaxLinear Inc
UDR UDR Inc
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.