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.
Long-side setups
BK Bank of New York Mellon Corp
CCL Carnival Corp
CONN Conn's Inc
NCR NCR Corp
NTRS Northern Trust
PVH PVH Corp.
SIG Signet Jewelers Ltd
SSTK Shutterstock Inc
THG The Hanover Insurance Grp
Short-side setups
EBS Emergent Biosolutions Inc
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.