Tiger Shark Trading, Daily Commentary from Professional Traders - http://www.tigersharktrading.com
Reversal Stock Trades For August 9
http://www.tigersharktrading.com/articles/45609/1/Reversal-Stock-Trades-For-August-9/Page1.html
By Reversal Trader
Published on 08/8/2023
 

Which stocks are setup to continue their reversal of price action?


Reversal Stock Trades For August 9

Entry on a break of the previous trading day's high. Avoid trade until bid/ask spread is one or two cents. Confirm trade with market and sector strength. Day trade setup is only good for the upcoming trading session.

Long-side setups

BSX Boston Scientific Corporation
C Citigrp Inc
CSCO Cisco Systems
CTRA Coterra Energy Inc
DVN Devon Energy
FCX Freeport-McMoRan Inc
GM General Motors Co
HAL Halliburton Co
INTC Intel Corp
JPM JPMorgan Chase & Co
MRO Marathon Oil Corp
NEE NextEra Energy Inc
OXY Occidental Petro Corp
QCOM Qualcomm Inc
RF Regions Finl Corporation
SLB Schlumberger Ltd
TFC Truist Financial Corp
USB US Bancorp
WFC Wells Fargo & Company
XOM Exxon Mobil

Entry on a break of the previous trading day's low. Avoid trade until bid/ask spread is one or two cents. Confirm trade with market and sector weakness. Day trade setup is only good for the upcoming trading session.

Short-side setups

HAE Haemonetics Corp
HSY The Hershey Co
INCY Incyte Corp
KMPR Kemper Corp.
PFE Pfizer Inc
VRTX Vertex Pharmaceuticals
WM Waste Mgt Inc

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.