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Leading Pullback Setups For April 24
http://www.tigersharktrading.com/articles/46739/1/Leading-Pullback-Setups-For-April-24/Page1.html
By Pullback Trader
Published on 04/23/2024
 

Which trending stocks are forming orderly pullbacks?


Leading Pullback Setups For April 24

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

ADM Archer-Daniels-Midland
BBY Best Buy
CB The Chubb Corp
CLF Cleveland-Cliffs Inc
DG Dollar General Corporation
HAL Halliburton Co
NUE Nucor Corp
PPC Pilgram's Pride Corp
ROST Ross Stores
TPR Tapestry Inc
WMT Walmart Inc
WRB W R Berkley Corp
WRK Westrock Co
X U.S. Steel Corporation

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
ADI Analog Devices
AMD Advanced Micro Devices Inc
BX Blackstone Inc
CARR Carrier Global Corp
CELH Celsius Hldg Inc
CPRT Copart Inc
CSX CSX Corp
DIS Disney (Walt) Co
DT Dynatrace Holdings LLC
ENPH Enphase Energy Inc
FTNT Fortinet Inc
GL Globe Life Inc
HD Home Depot Inc
MCD McDonald's Corp
MCHP Microchip Tech
MDT Medtronic plc
MSFT Microsoft Corp
NFLX Netflix Inc
NVDA Nvidia Corp
PANW Palo Alto Networks Inc
PLD Prologis Inc
QCOM Qualcomm Inc
SMCI Super Micro Computer Inc
STX Seagate Technology Holdings PL
TJX TJX Companies
TXN Texas Instruments
UPS United Parcel Service Inc
V Visa Inc
VICI Vici Pptys Inc

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.