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Leading Pullback Setups For January 16
http://www.tigersharktrading.com/articles/46309/1/Leading-Pullback-Setups-For-January-16/Page1.html
By Pullback Trader
Published on 01/12/2024
 

Which trending stocks are forming orderly pullbacks?


Leading Pullback Setups For January 16

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

AA Alcoa Corp
ABBV AbbVie Inc
ABNB Airbnb Inc
ALLY Ally Finl Inc
AXP American Express Co
BBWI Bath & Body Works Inc
BBY Best Buy
BEN Franklin Res Inc
BX Blackstone Inc
CFG Citizens Finl Grp Inc
CMA Comerica Inc
CPB Campbell Soup
CTLT Catalent Inc
CVS CVS Health Corp
DAL Delta Airlines Inc
DHR Danaher Corp
DXCM DexCom Inc
ENPH Enphase Energy Inc
EW Edwards Lifesciences Corp
FITB Fifth Third Bancorp
GM General Motors Co
GPN Global Payments Inc
GPS Gap Inc
HPQ HP Inc
INTC Intel Corp
KMX CarMax, Inc
MGM MGM Resorts Intl
MS Morgan Stanley
NVST Envista Holdings Corp
PNC PNC Finl Svcs Grp Inc
RCL Royal Caribbean Cruises
RL Ralph Lauren Corp.
SCHW Charles Schwab Corp (The)
SYF Synchrony Finl
TGT Target Corp
TXN Texas Instruments
UPS United Parcel Service Inc
USB US Bancorp
WBA Walgreen Boots Alliance Inc
WFC Wells Fargo & Company

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

AJG Gallagher (Arthur J.)
AON Aon Plc / Ireland
DIS Disney (Walt) Co
GO Grocery Outlet Holding Corp
MANH Manhattan Associates
MMS Maximus Inc
MSM MSC Industrial Direct Co Inc A
MTN Vail Resorts
ORCL Oracle Corp
ORLY O'Reilly Automotive, Inc.
PBF PBF Energy Inc Cl A
SLB Schlumberger Ltd
VAL Valaris Ltd

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.