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RSI2 Pullbacks for January 20
http://www.tigersharktrading.com/articles/44694/1/RSI2-Pullbacks-for-January-20/Page1.html
By Mean Reversion Trader
Published on 01/19/2023
 

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


RSI2 Pullbacks for January 20

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

ASB Associated Banc-Corp
BERY Berry Plastics Grp Inc
CSCO Cisco Systems
DKS Dick's Sporting Goods
ETN Eaton Corp
FL Foot Locker
GIS Genl Mills
GPC Genuine Parts
MCHP Microchip Tech
OMC Omnicom Grp Inc
TSCO Tractor Supply
TXT Textron, 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

AMED Amedisys Inc
INFY Infosys Tech Ltd ADS
KSS Kohl's Corp
NEOG Neogen Corp
PSFE Paysafe Ltd
TRIP TripAdvisor Inc
TWO Two Harbors Inv Corp

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.