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Leading Pullback Setups For May 2
http://www.tigersharktrading.com/articles/45157/1/Leading-Pullback-Setups-For-May-2/Page1.html
By Pullback Trader
Published on 05/1/2023
 

Which trending stocks are forming orderly pullbacks?


Leading Pullback Setups For May 2

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

ABC AmeriSourceBergen Corp
AKAM Akamai Technologies
AMZN Amazon.com Inc
AWK American Water Works Co Inc
BJ BJ's Wholesale Club Holdings
CHD Church & Dwight
CMS CMS Energy
COST Costco Wholesale Corp
CSGP Costar Grp
DG Dollar General Corporation
DKS Dick's Sporting Goods
DXCM DexCom Inc
EGP Eastgrp Properties Inc
EME Emcor Grp
ENV Envestnet Inc
GTLS Chart Industries Inc
HAS Hasbro Inc
LNTH Lantheus Hldgs Inc
MDT Medtronic plc
NARI Inari Medical Inc
SRCL Stericycle Inc
WSO Watsco, Inc

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

ABBV AbbVie Inc
ADI Analog Devices
AIG Amer Intl Grp
ALGM Allegro MicroSystems Inc
ALK Alaska Air Grp Inc
AME Ametek, Inc
APH Amphenol Corp A
ARMK Aramark
CC The Chemours Company
CF CF Industries Hldgs Inc
CNO CNO Finl Grp, Inc.
CTSH Cognizant Tech Solutions'A'
CVS CVS Health Corp
CZR Caesars Entertainment Corp
DAL Delta Airlines Inc
DHR Danaher Corp
EXPE Expedia Grp Inc
FOXA Twenty-First Century Fox Inc A
IP Intl Paper
IQV IQVIA Hldgs Inc
LMT Lockheed Martin Corp
LSCC Lattice Semiconductor
LUV Southwest Airlines Co
LYV Live Nation Entertainment, Inc
MCHP Microchip Tech
MOS The Mosaic Co (New)
MRNA Moderna Inc
NSC Norfolk Southern
NTAP NetApp Inc
NXPI NXP Semiconductors N.V.
PFE Pfizer Inc
SMG Scotts Miracle-Gro Co
TER Teradyne Inc
TEX Terex Corp
TXT Textron, Inc
UAL United Airlines Hldgs Inc
UPS United Parcel Service Inc
VLO Valero Energy
WRB W R Berkley Corp
WRK Westrock Co

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.