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RSI2 Pullbacks for March 12
http://www.tigersharktrading.com/articles/46560/1/RSI2-Pullbacks-for-March-12/Page1.html
By Mean Reversion Trader
Published on 03/11/2024
 

Find out which overbought and oversold stocks are poised for pullbacks to their mean.


RSI2 Pullbacks for March 12

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

ASO Academy Sports and Outdoors
BAH Booz Allen Hamilton Hldg Cp
CRSP CRISPR Therapeutics AG
ESTC Elastic NV
EYPT EyePoint Pharma Inc
MOD Modine Manufacturing Co
PVH PVH Corp.
RARE Ultragenyx Pharmaceutical Inc
REVG REV Grp Inc
VIPS Vipshop Hldg Ltd

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

DVN Devon Energy
EXC Exelon Corp
GMAB Genmab A/S Americal Dep
HAS Hasbro Inc
KVUE Kenvue Inc
LNT Alliant Energy Corporation
NEE NextEra Energy Inc
NEM Newmont Corp
PINC Premier Inc Cl A
PRGO Perrigo Co plc
SBAC SBA Communications'A'
TGNA TEGNA Inc
WEC WEC Energy Group Inc

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.