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Leading Pullback Setups For April 12
http://www.tigersharktrading.com/articles/45063/1/Leading-Pullback-Setups-For-April-12/Page1.html
By Pullback Trader
Published on 04/11/2023
 

Which trending stocks are forming orderly pullbacks?


Leading Pullback Setups For April 12

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

ADBE Adobe Inc
AMZN Amazon.com Inc
BLKB Blackbaud Inc
BMY Bristol-Myers SQUIBB
CME CME Grp Inc
CRM Salesforce Inc
CSCO Cisco Systems
GILD Gilead Sciences
GOOGL Alphabet Inc Cl A
KR Kroger Co
MCK McKesson Corp
MSFT Microsoft Corp
SFM Sprouts Farmers Mkts 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

AA Alcoa Corp
ARMK Aramark
BAC Bank of America Corporation
BK Bank of New York Mellon Corp
BKR Baker Hughes a GE Co Cl A
C Citigrp Inc
CARR Carrier Global Corp
CAT Caterpillar Inc
CF CF Industries Hldgs Inc
CFG Citizens Finl Grp Inc
CMA Comerica Inc
COF Cap One Finl
DAL Delta Airlines Inc
DVN Devon Energy
FIS Fidelity National Information
FITB Fifth Third Bancorp
HAL Halliburton Co
JCI Johnson Controls Intl Plc
JPM JPMorgan Chase & Co
KNX Knight-Swift Trasportation Hld
LUV Southwest Airlines Co
MAS Masco Corp
MDT Medtronic plc
MET Metlife Inc
MMM 3M Co
MO Altria Grp
MOS The Mosaic Co (New)
MS Morgan Stanley
PEAK Healthpeak Properties Inc
SLB Schlumberger Ltd
SYF Synchrony Finl
TFC Truist Financial Corp
UAL United Airlines Hldgs Inc
VFC VF Corp
VICI Vici Pptys Inc
WDC Western Digital
WFC Wells Fargo & Company
WMB Williams Companies
WY Weyerhaeuser Co
X U.S. Steel Corporation

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.