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.
ANTM Anthem Inc
DRE Duke Realty
MDC MDC Hldg Inc
MTH Meritage Homes Corporation
NYCB New York Community Bancorp
SEE Sealed Air
TOL Toll Brothers
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.
EAT Brinker Intl Inc
PRLB Proto Labs Inc
TPR Tapestry Inc
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.