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Leading Pullback Setups For February 7
http://www.tigersharktrading.com/articles/44767/1/Leading-Pullback-Setups-For-February-7/Page1.html
By Pullback Trader
Published on 02/6/2023
 

Which trending stocks are forming orderly pullbacks?


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.