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Leading Pullback Setups For April 2
http://www.tigersharktrading.com/articles/46643/1/Leading-Pullback-Setups-For-April-2/Page1.html
By Pullback Trader
Published on 04/1/2024
 

Which trending stocks are forming orderly pullbacks?


Leading Pullback Setups For April 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

ABNB Airbnb Inc
ADM Archer-Daniels-Midland
AIG Amer Intl Grp
APH Amphenol Corp A
BSX Boston Scientific Corporation
CELH Celsius Hldg Inc
CL Colgate-Palmolive Co
CNC Centene Corp
FAST Fastenal Co
FDX FedEx Corp
GE General Electric Co
IBM Intl Business Machines Corp
KMX CarMax, Inc
LLY Eli Lilly and Co
LOW Lowe's Cos, Inc
LYV Live Nation Entertainment, Inc
MNST Monster Beverage Corporation
MO Altria Grp
MRK Merck & Co
MRNA Moderna Inc
NDAQ NASDAQ Inc
NWSA News Corp Cl A
PG Procter & Gamble Co
PYPL PayPal Hldgs Inc
STX Seagate Technology Holdings PL
SYY Sysco Corp
TSN Tyson Foods 'A'
UBER Uber Technologies Inc
WMT Walmart Inc
WY Weyerhaeuser Co

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

CAR Avis Budget Grp
CCK Crown Hldg
CYTK Cytokinetics Inc
DLTR Dollar Tree Inc
EA Electronic Arts, Inc.
HUM Humana Inc
NOW ServiceNow Inc
PLNT Planet Fitness Inc
TTWO Take-Two Interactive Software
VRTX Vertex Pharmaceuticals

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.