Which trending stocks are forming orderly pullbacks?
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.
BZUN Baozun Inc ADS
CSTM Constellium N.V.
PLD ProLogis Inc
TRN Trinity Industries
ZGNX Zogenix 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.
INCY Incyte Corp
REV Revlon Inc
SBGI Sinclair Broadcast Grp'A'
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.