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RSI2 Pullbacks for August 29
http://www.tigersharktrading.com/articles/44105/1/RSI2-Pullbacks-for-August-29/Page1.html
By Mean Reversion Trader
Published on 08/26/2022
 

Find out which overbought and oversold stocks are poised for pullbacks to their mean.


RSI2 Pullbacks for August 29

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

BOX Box, Inc
DG Dollar General Corporation
DUK Duke Energy Corporation
IRBT iRobot Corporation
PAYX Paychex Inc
RVNC Revance Therapeutics Inc
SAVE Spirit Airlines Inc
SIGA Siga Tech Inc

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

EVBG Everbridge Inc

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.