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RSI2 Pullbacks for December 21
http://www.tigersharktrading.com/articles/44582/1/RSI2-Pullbacks-for-December-21/Page1.html
By Mean Reversion Trader
Published on 12/20/2022
 

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


RSI2 Pullbacks for December 21

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

AEO American Eagle Outfitters Inc
ASO Academy Sports and Outdoors
ATCO Atlas Corp Marshall Islands
BSY Bentley Systems Inc
FL Foot Locker
GPS Gap Inc
HOG Harley-Davidson
PVH PVH Corp.
RL Ralph Lauren Corp.
SKX Skechers U.S.A. Cl'A'
ULTA Ulta Beauty Inc
UTZ Utz Brands 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

NONE

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.