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Leading Pullback Setups For January 5
http://www.tigersharktrading.com/articles/44633/1/Leading-Pullback-Setups-For-January-5/Page1.html
By Pullback Trader
Published on 01/4/2023
 

Which trending stocks are forming orderly pullbacks?


Leading Pullback Setups For January 5

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

AGCO Agco Corp
CIEN Ciena Corp
CTAS Cintas Corp
DGX Quest Diagnostics
HALO Halozyme Therapy Inc
INCY Incyte Corp
KBR KBR Inc
LLY Eli Lilly and Co
MANH Manhattan Associates
MRNA Moderna Inc
PFE Pfizer Inc
TSCO Tractor Supply

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

AMGN Amgen Inc
APTV Aptiv PLC
BAC Bank of America Corporation
BAX Baxter Intl Inc
BMY Bristol-Myers SQUIBB
CMA Comerica Inc
COF Cap One Finl
CTLT Catalent Inc
CZR Caesars Entertainment Corp
DFS Discover Finl Svcs
DIS Disney (Walt) Co
EXPE Expedia Grp Inc
FITB Fifth Third Bancorp
GEN Gen Digital Inc
GM General Motors Co
IBM Intl Business Machines Corp
INTC Intel Corp
KSS Kohl's Corp
LNC Lincoln Natl Corp
LYV Live Nation Entertainment, Inc
MAR Marriott Int'l Cl A
MET Metlife Inc
MS Morgan Stanley
MU Micron Tech
NTAP NetApp Inc
OHI Omega Healthcare Investors Inc
PENN PENN Entertainment, Inc
PYPL PayPal Hldgs Inc
QCOM Qualcomm Inc
RCL Royal Caribbean Cruises
RF Regions Finl Corporation
SLG SLGreen Realty
SYF Synchrony Finl
TGT Target Corp
TSN Tyson Foods 'A'
TXN Texas Instruments
UDR UDR Inc
WDC Western Digital
WFC Wells Fargo & Company
WMT Walmart Inc

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.