Leading Pullback Setups For August 2 |
By Pullback Trader |
Published
08/1/2023
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Stocks
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Unrated
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Leading Pullback Setups For August 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
ABT Abbott Laboratories AES AES Corp ALGM Allegro MicroSystems Inc BAC Bank of America Corporation BAX Baxter Intl Inc BEN Franklin Res Inc C Citigrp Inc CFG Citizens Finl Grp Inc CNP Centerpoint Energy CTLT Catalent Inc CUZ Cousins Properties CVS CVS Health Corp CZR Caesars Entertainment Corp D Dominion Energy Inc DAL Delta Airlines Inc DHR Danaher Corp DUK Duke Energy Corporation FE FirstEnergy Corp GE General Electric Co KO Coca-Cola Co LOW Lowe's Cos, Inc MGM MGM Resorts Intl MMM 3M Co MP MP Materials Corp MS Morgan Stanley MU Micron Tech NI Nisource Inc NVST Envista Holdings Corp OKE Oneok Inc PEAK Healthpeak Properties Inc PEP Pepsico Inc SFM Sprouts Farmers Mkts Inc SO Southern Co Inc TMUS T-Mobile US Inc TSN Tyson Foods 'A' UAL United Airlines Hldgs Inc UPS United Parcel Service Inc USB US Bancorp WFC Wells Fargo & Company ZION Zions Bancorp
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
AMG Affiliated Managers Grp Inc FCN FTI Consulting JNPR Juniper Networks LKQ LKQ Corp ORLY O'Reilly Automotive, Inc. PGR The Progressive Corp SBAC SBA Communications'A' TDY Teledyne Technologies TYL Tyler Technologies UHS Universal Health Svcs VRSN Verisign Inc WTW Willis Towers Watson Public Li
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.
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