Tiger Shark Trading, Daily Commentary from Professional Traders - http://www.tigersharktrading.com
RSI2 Pullbacks for August 31
http://www.tigersharktrading.com/articles/45716/1/RSI2-Pullbacks-for-August-31/Page1.html
By Mean Reversion Trader
Published on 08/30/2023
 

Find out which overbought and oversold stocks are poised for pullbacks to their mean.


RSI2 Pullbacks for August 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

PCG PG&E Corp

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

A Agilent Technologies Inc
ALL Allstate Corp
AU Anglogold Ashanti Ltd
BL BlackLine Inc
BTI British Amer Tobacco ADS
GNL Glbl Net Lease Inc
INSP Inspire Medical Systems Ins
IRT Independence Realty Trust Inc
JBGS JBG SMITH Pptys
MO Altria Grp
PEAK Healthpeak Properties Inc
SEE Sealed Air
SMG Scotts Miracle-Gro Co
UDR UDR Inc
WU Western Union Co
WYNN Wynn Resorts Ltd

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.