Tiger Shark Trading, Daily Commentary from Professional Traders - http://www.tigersharktrading.com
Leading Pullback Setups For May 11
http://www.tigersharktrading.com/articles/40636/1/Leading-Pullback-Setups-For-May-11/Page1.html
By Pullback Trader
Published on 05/8/2020
 

Which trending stocks are forming orderly pullbacks?


Leading Pullback Setups For May 11

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.

MOH Molina Healthcare
PETS PetMed Express

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.

LUV Southwest Airlines Co
MATX Matson Inc
TISI Team Inc

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.