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RSI2 Pullbacks for May 6
http://www.tigersharktrading.com/articles/46789/1/RSI2-Pullbacks-for-May-6/Page1.html
By Mean Reversion Trader
Published on 05/3/2024
 

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


RSI2 Pullbacks 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

COP ConocoPhillips
COR Cencora Inc
CYBR CyberArk Software Ltd
DASH DoorDash Inc
GIL Gildan Activewear Inc
HIMS Hims & Hers Health Inc
INFA Informatica Inc
IR Ingersoll-Rand Plc

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

ATEC Alphatec Hldg Inc
BBIO BridgeBio Pharma Inc
BE Bloom Energy Corp
BMEA Biomea Fusion Inc
BNTX BioNTech SE
CHRW C.H. Robinson Worldwide Inc
ENVX Enovix Corporation Common Stoc
HR Healthcare Realty Trust Inc
PERI Perion Networkn Ltd.
PNM PNM Resources Inc

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.