Leading Pullback Setups For February 7 |
By Pullback Trader |
Published
02/6/2023
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Stocks
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Unrated
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Leading Pullback Setups For February 7
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
ABT Abbott Laboratories AMAT Applied Materials AMD Advanced Micro Devices Inc AMZN Amazon.com Inc BEN Franklin Res Inc CARR Carrier Global Corp CFG Citizens Finl Grp Inc CLF Cleveland-Cliffs Inc CMCSA Comcast Cl A CSX CSX Corp DD DuPont de Nemours Inc DHI D.R. Horton DIS Disney (Walt) Co EBAY eBay Inc EW Edwards Lifesciences Corp FAST Fastenal Co FIS Fidelity National Information FITB Fifth Third Bancorp FTNT Fortinet Inc GLW Corning Inc HPQ HP Inc LNC Lincoln Natl Corp MDT Medtronic plc MSFT Microsoft Corp MU Micron Tech NLY Annaly Cap Mgt Inc NOW ServiceNow Inc PARA Paramount Glbl Cl B PENN PENN Entertainment, Inc PHM PulteGrp, Inc PM Philip Morris Intl Inc PYPL PayPal Hldgs Inc SYF Synchrony Finl TFC Truist Financial Corp TGT Target Corp TPR Tapestry Inc TTWO Take-Two Interactive Software VZ Verizon Communications WDC Western Digital WY Weyerhaeuser Co
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
AFG Amer Finl Grp Inc AZPN Aspen Tech BMY Bristol-Myers SQUIBB CAG Conagra Brands Inc CFR Cullen/frost Bankers CPB Campbell Soup FLO Flowers Foods Inc GD General Dynamics Corp HII Huntington Ingalls Industries HQY HealthEquity Inc HRL Hormel Foods Corp LDOS Leidos Hldg Inc LMT Lockheed Martin Corp MCD McDonald's Corp MSI Motorola Inc RSG Repub Svcs Inc SAIC Science App's Int'l Corp SCHW Charles Schwab Corp SJM Smucker (J.M.) TRV The Travelers Companies Inc WM Waste Mgt Inc WRB W R Berkley Corp
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.
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