Which trending stocks are forming orderly pullbacks?
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
ALGN Align Tech
BRBR Bellring Brands Inc
CSCO Cisco Systems
CTLT Catalent Inc
DCI Donaldson Co
DHI D.R. Horton
DKS Dick's Sporting Goods
EME Emcor Grp
EW Edwards Lifesciences Corp
FAST Fastenal Co
GEHC GE Healthcare Technologies
ILMN Illumina Inc
JNPR Juniper Networks
LMT Lockheed Martin Corp
MCHP Microchip Tech
MKTX MarketAxess Hldg Inc
NARI Inari Medical Inc
PCH PotlatchDeltic Corp
PNW Pinnacle West Cap Corp
REGN Regeneron Pharmaceuticals
RSG Repub Svcs Inc
SFM Sprouts Farmers Mkts Inc
SJM Smucker (J.M.)
TER Teradyne Inc
VNT Vontier Corp
WING Wingstop Inc
WYNN Wynn Resorts Ltd
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
BF.B Brown-Forman Corp Cl B
MTCH Match Group Inc
QDEL Quidel Corp
SON Sonoco Products
VICR Vicor Corp
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.