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.
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.