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

CAG Conagra Brands Inc
TEVA Teva Pharm Indus ADR
WWE World Wrestling Entr'A'

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

KURA Kura Oncology Inc
KW Kennedy-Wilson Hldgs, Inc.
PEB Pebblebrook Hotel Trust
SHO Sunstone Hotel Investors Inc
TSVT 2seventy bio Inc

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.