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Leading Pullback Setups For May 2
http://www.tigersharktrading.com/articles/46774/1/Leading-Pullback-Setups-For-May-2/Page1.html
By Pullback Trader
Published on 05/1/2024
 

Which trending stocks are forming orderly pullbacks?


Leading Pullback Setups For May 2

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

AA Alcoa Corp
APH Amphenol Corp A
AR Antero Resources Corp
AXP American Express Co
BAC Bank of America Corporation
BK Bank of New York Mellon Corp
CARR Carrier Global Corp
CHK Chesapeake Energy Corp
COP ConocoPhillips
CVX Chevron Corporation
DVN Devon Energy
EBAY eBay Inc
EOG EOG Resources
EQT EQT Corp
GE General Electric Co
HES Hess Corporation
K Kellanova
KR Kroger Co
MCHP Microchip Tech
MDLZ Mondelez Int'l Inc Cl A
MU Micron Tech
PEP Pepsico Inc
PXD Pioneer Natural Resources
PYPL PayPal Hldgs Inc
RCL Royal Caribbean Cruises
TSLA Tesla Inc
TXN Texas Instruments
UAL United Airlines Hldgs Inc
WMB Williams Companies
XOM Exxon Mobil

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

AJG Gallagher (Arthur J.)
BERY Berry Plastics Grp Inc
BRO Brown & Brown
CB The Chubb Corp
CHRW C.H. Robinson Worldwide Inc
CINF Cincinnati Finl
EG Everest Group Ltd
FFIN First Finl Bankshs Inc
GL Globe Life Inc
HELE Helen Of Troy Ltd
HIG Hartford Finl Svcs Grp
HON Honeywell Intl
INCY Incyte Corp
KNSL Kinsale Cap Grp Inc
MDT Medtronic plc
MMC Marsh & McLennan Companies Inc
RBC RBC Bearings Inc.
REGN Regeneron Pharmaceuticals
SIGI Selective Insurance Gr
SSD Simpson Manufacturing Co Inc
TDY Teledyne Technologies
TFX Teleflex Inc
WAT Waters Corp
WRB W R Berkley Corp
WST West Pharmaceutical Svcs
WTW Willis Towers Watson Public Li

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.