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Leading Pullback Setups For April 23
http://www.tigersharktrading.com/articles/46734/1/Leading-Pullback-Setups-For-April-23/Page1.html
By Pullback Trader
Published on 04/22/2024
 

Which trending stocks are forming orderly pullbacks?


Leading Pullback Setups For April 23

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

AMAT Applied Materials
ANET Arista Networks
BBY Best Buy
BROS Dutch Bros Inc
BURL Burlington Stores Inc
CAH Cardinal Health Inc
CHX ChampionX Corp
DG Dollar General Corporation
DLR Digital Realty Trust Inc
DPZ Domino's Pizza
FAST Fastenal Co
FBIN Fortune Brands Innovations Inc
FERG Ferguson PLC
GPS Gap Inc
HIMS Hims & Hers Health Inc
HWM Howmet Aerospace Inc
IMNM Immunome Inc
LRCX Lam Research
MGNX MacroGenics Inc
NEM Newmont Corp
NTAP NetApp Inc
NVT nVent Electric PLC W/I
ORCL Oracle Corp
TPR Tapestry Inc
TTEK Tetra Tech

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

ABBV AbbVie Inc
AMGN Amgen Inc
BAX Baxter Intl Inc
BEN Franklin Res Inc
BMY Bristol-Myers SQUIBB
CMCSA Comcast Cl A
CNC Centene Corp
CTSH Cognizant Tech Solutions'A'
DINO HF Sinclair Corp
FMC FMC Corp
GILD Gilead Sciences
GLW Corning Inc
HON Honeywell Intl
INVH Invitation Homes Inc
IPG Interpub Grp Cos
JNJ Johnson & Johnson
LULU Lululemon Athletica Inc
LUV Southwest Airlines Co
MCD McDonald's Corp
MDLZ Mondelez Int'l Inc Cl A
MDT Medtronic plc
PFE Pfizer Inc
PLNT Planet Fitness Inc
PNR Pentair Plc
SBUX Starbucks Corp
SYY Sysco Corp
TROW T.Rowe Price Grp
UNP Union Pacific Corp
UPS United Parcel Service Inc
USB US Bancorp

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.