Tiger Shark Trading, Daily Commentary from Professional Traders - http://www.tigersharktrading.com
Leading Pullback Setups For April 12
http://www.tigersharktrading.com/articles/46693/1/Leading-Pullback-Setups-For-April-12/Page1.html
By Pullback Trader
Published on 04/11/2024
 

Which trending stocks are forming orderly pullbacks?


Leading Pullback Setups For April 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

AIG Amer Intl Grp
APA APA Corp
BAC Bank of America Corporation
BKR Baker Hughes a GE Co Cl A
BRK.B Berkshire Hathaway'B'
CAG Conagra Brands Inc
CARR Carrier Global Corp
CFG Citizens Finl Grp Inc
CRM Salesforce Inc
CTRA Coterra Energy Inc
DOW Dow Inc
EQT EQT Corp
FIS Fidelity National Information
GIS Genl Mills
GM General Motors Co
HOG Harley-Davidson
JPM JPMorgan Chase & Co
K Kellanova
KHC The Kraft Heinz Company
MET Metlife Inc
MOS The Mosaic Co (New)
MRNA Moderna Inc
PGR The Progressive Corp
PPL PPL Corp
SCHW Charles Schwab Corp
SLB Schlumberger Ltd
SO Southern Co Inc
TFC Truist Financial Corp
WFC Wells Fargo & Company
WMB Williams Companies

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

ALGM Allegro MicroSystems Inc
CME CME Grp Inc
DLTR Dollar Tree Inc
FIVE Five Below Inc
HII Huntington Ingalls Industries
JBL Jabil Inc
LW Lamb Weston Hldgs Inc
MPWR Monolithic Power Systems Inc
NKE Nike Inc Cl B
NYT New York Times'A'
PANW Palo Alto Networks Inc
VRSN Verisign Inc

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.