Leading Pullback Setups For May 4 |
By Pullback Trader |
Published
05/3/2023
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Stocks
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Unrated
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Leading Pullback Setups For May 4
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
AFL AFLAC Inc AKAM Akamai Technologies ALLE Allegion plc BAX Baxter Intl Inc CDNS Cadence Design Systems CHTR Charter Communications Inc CRM Salesforce Inc CSGP Costar Grp DG Dollar General Corporation ENV Envestnet Inc EXC Exelon Corp EXLS ExlService Hldgs Inc HCA HCA Healthcare Inc HUM Humana Inc ICE Intercontinental Exchange Grp IFF Intl Flavors/Fragr INTU Intuit Inc JPM JPMorgan Chase & Co LIN Linde PLC LNTH Lantheus Hldgs Inc LRCX Lam Research LSI Life Storage Inc LVS Las Vegas Sands Corp MCO Moody's Corp META Meta Platforms Inc MO Altria Grp MOH Molina Healthcare MU Micron Tech NVDA Nvidia Corp RGA Reisnuran Grp Of America Inc SPGI S&P Glbl Inc STZ Constellation Brands 'A' THC Tenet Healthcare UHS Universal Health Svcs UNH UnitedHealth Grp Inc V Visa Inc WEC WEC Energy Group Inc XEL Xcel Energy
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
ALGM Allegro MicroSystems Inc AMAT Applied Materials ARW Arrow Electronics AYI Acuity Brands Inc CRL Charles River Labs Intl DPZ Domino's Pizza IEX Idex Corp KDP Keurig Dr Pepper Inc LITE Lumentum Hldgs Inc LUV Southwest Airlines Co NJR New Jersey Resources ODFL Old Dominion Freight Line PZZA Papa John's Intl QRVO Qorvo Inc RGEN Repligen Corp THG The Hanover Insurance Grp THO Thor Indus TMO Thermo Fisher Scientific Inc TRMB Trimble Navigation Ltd
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.
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