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Leading Pullback Setups For August 16
http://www.tigersharktrading.com/articles/44056/1/Leading-Pullback-Setups-For-August-16/Page1.html
By Pullback Trader
Published on 08/15/2022
 

Which trending stocks are forming orderly pullbacks?


Leading Pullback Setups For August 16

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

ALGN Align Tech
AN AutoNation Inc
BLDR Builders FirstSource Inc
GIS Genl Mills
IDXX Idexx Laboratories
NCR NCR Corp
NYT New York Times'A'
ODFL Old Dominion Freight Line
SAIA Saia Inc
SLG SLGreen Realty
VNO Vornado Realty Trust
X U.S. Steel Corporation

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.

Short-side setups

AIZ Assurant Inc
ARW Arrow Electronics
AVT Avnet, Inc
AZTA Azenta Inc
BALL Ball Corp
BAX Baxter Intl Inc
BLKB Blackbaud Inc
CINF Cincinnati Finl
CVLT CommVault Systems Inc
HAS Hasbro Inc
IBM Intl Business Machines Corp
INCY Incyte Corp
INTC Intel Corp
KR Kroger Co
LLY Eli Lilly and Co
LOPE Grand Canyon Education Inc
MCY Mercury General Corp
MNST Monster Beverage Corporation
MTCH Match Group Inc
NWE NorthWestern Corporation
OMCL Omnicell Inc
SCI Service Corporation Intl
SMG Scotts Miracle-Gro Co
SMTC Semtech Corp
SWK Stanley Black & Decker Inc
SWX Southwest Gas Hldgs Inc
SYNH Syneos Health Inc Cl A
TSN Tyson Foods 'A'
VVV Valvoline Inc
VZ Verizon Communications

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.