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RSI2 Pullbacks for May 31
By Mean Reversion Trader | Published  05/30/2023 | Stocks | Unrated
RSI2 Pullbacks for May 31

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
AEM Agnico Eagle Mines Ltd
BLMN Bloomin' Brands Inc
CAH Cardinal Health Inc
CNK Cinemark Hldg Inc
GIS Genl Mills
GPK Graphic Packaging Hldg Co
HSY The Hershey Co
KMB Kimberly-Clark Corp
LULU Lululemon Athletica Inc
MDLZ Mondelez Int'l Inc Cl A
NEWR New Relic Inc
PEP Pepsico Inc
SNY Sanofi Aventis
UL Unilever PLC
VRTX Vertex Pharmaceuticals
WELL Welltower OP Inc
YUM Yum! Brands Inc
ZBH Zimmer Biomet Hldgs Inc
ZTS Zoetis 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

ENPH Enphase Energy Inc
TSN Tyson Foods 'A'
MC Moelis & Co

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.