Tiger Shark Trading, Daily Commentary from Professional Traders - http://www.tigersharktrading.com
RSI2 Pullbacks for April 15
http://www.tigersharktrading.com/articles/46700/1/RSI2-Pullbacks-for-April-15/Page1.html
By Mean Reversion Trader
Published on 04/12/2024
 

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


RSI2 Pullbacks for April 15

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

ABBV AbbVie Inc
AM Antero Midstream Corp
BYON Beyond Inc
CBRE CBRE Grp, Inc.
CTVA Corteva Inc W
ELAN Elanco Animal Health Inc
GES Guess? Inc
JPM JPMorgan Chase & Co
KHC The Kraft Heinz Company
LNC Lincoln Natl Corp
MET Metlife Inc
MPLX MPLX LP
NU NU Holdings Ltd/Cayman Islands
PRU Prudential Finl
T AT&T Inc
TPX Tempur Sealy Intl Inc
VZ Verizon Communications

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

NONE

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.