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RSI2 Pullbacks for October 27
http://www.tigersharktrading.com/articles/45972/1/RSI2-Pullbacks-for-October-27/Page1.html
By Mean Reversion Trader
Published on 10/26/2023
 

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


RSI2 Pullbacks for October 27

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

ADBE Adobe Inc
CCCS CCC Intelligent Solutions Hldg
CNC Centene Corp
COST Costco Wholesale Corp
CRH CRH Plc ADS
CTRA Coterra Energy Inc
EOG EOG Resources
HP Helmerich & Payne
HRB Block (H&R)
ODFL Old Dominion Freight Line
OII Oceaneering Intl Inc
TS Tenaris SA ADS
VRSK Verisk Analytics Inc
WMS Advanced Drainage Systems Inc
WSM Williams-Sonoma

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

AES AES Corp
GIS Genl Mills
NEP NextEra Energy Partners LP

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.