Tiger Shark Trading, Daily Commentary from Professional Traders - http://www.tigersharktrading.com
Leading Pullback Setups For May 6
http://www.tigersharktrading.com/articles/46787/1/Leading-Pullback-Setups-For-May-6/Page1.html
By Pullback Trader
Published on 05/3/2024
 

Which trending stocks are forming orderly pullbacks?


Leading Pullback Setups For May 6

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

ACGL Arch Cap Grp
ADP Automatic Data Proc
AXP American Express Co
BJ BJ's Wholesale Club Holdings
CASY Casey's Genl Stores
CB The Chubb Corp
CI The Cigna Group
COP ConocoPhillips
COR Cencora Inc
CPB Campbell Soup
DD DuPont de Nemours Inc
ES Eversource Energy
EXC Exelon Corp
FRT Federal Rlty Inv Tr Sbi
GIS Genl Mills
HRL Hormel Foods Corp
IRDM Iridium Communications Inc
IRM Iron Mountain Inc REIT
JPM JPMorgan Chase & Co
KRG Kite Realty Grp Trust
LLY Eli Lilly and Co
MO Altria Grp
MRK Merck & Co
NOC Northrop Grumman
OXY Occidental Petro Corp
SCI Service Corporation Intl
TMUS T-Mobile US Inc
TRGP Targa Resources Corp
TRMB Trimble Navigation Ltd
YUM Yum! Brands Inc

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
ACN Accenture PLC (Ireland) NEW
ADBE Adobe Inc
AMD Advanced Micro Devices Inc
BA Boeing Co
BBY Best Buy
BEN Franklin Res Inc
CELH Celsius Hldg Inc
CMCSA Comcast Cl A
DIS Disney (Walt) Co
DXCM DexCom Inc
FBIN Fortune Brands Innovations Inc
GEHC GE Healthcare Technologies
GPS Gap Inc
HD Home Depot Inc
IBM Intl Business Machines Corp
IP Intl Paper
JCI Johnson Controls Intl Plc
KD Kyndryl Holdings Inc
LW Lamb Weston Hldgs Inc
MDT Medtronic plc
META Meta Platforms Inc
MNST Monster Beverage Corporation
MSFT Microsoft Corp
MTCH Match Group Inc
MTDR Matador Resources Co
NFLX Netflix Inc
NOW ServiceNow Inc
SYY Sysco Corp
WMT Walmart Inc

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.