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

AZPN Aspen Tech
FSK FS KKR Capital Corp
IRWD Ironwood Pharmaceuticals Inc'A
NYMTP New York Mortgage Trust Inc B
PANW Palo Alto Networks Inc
PFSI PNMAC Holdings Inc

Short-side setups

ATHA Athira Pharma Inc
FDX FedEx Corp
IPOD Social Cap Hedosophia Hldgs IV
OLLI Ollies Bargain Outlet Hldgs
SJM Smucker (J.M.)
SKLZ Skillz Inc

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.