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

AMGN Amgen Inc
CNK Cinemark Hldg Inc
EXTR Extreme Networks

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

BMRN Biomarin Pharmaceutical
EVRI Everi Hldgs Inc
SRPT Sarepta Therapeutics Inc
VGR Vector Grp Ltd

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.