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RSI2 Pullbacks for April 9
http://www.tigersharktrading.com/articles/46677/1/RSI2-Pullbacks-for-April-9/Page1.html
By Mean Reversion Trader
Published on 04/8/2024
 

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


RSI2 Pullbacks for April 9

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

ARLO Arlo Technologies Inc
BURL Burlington Stores Inc
BYON Beyond Inc
CAH Cardinal Health Inc
GPS Gap Inc
J Jacobs Solutions Inc
QSR Restaurant Brands Intl Inc
SWTX SpringWorks Therapeutics Inc
TRP Transcanada Corp
WM Waste Mgt 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

RILY B Riley Finl Inc
TALO Talos Energy Inc

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.