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

EHC Encompass Health Corp
EXTR Extreme Networks
HPE Hewlett-Packard Enterprise Co
ORI Old Republic Intl Corp
UHS Universal Health Svcs
WBS Webster Financial Corp
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

ASAN Asana Inc
SKM SK Telecom ADS

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.