Leading Pullback Setups For February 6 |
By Price Headley |
Published
02/5/2024
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Stocks
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Unrated
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Leading Pullback Setups For February 6
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
ABT Abbott Laboratories ALLY Ally Finl Inc BAC Bank of America Corporation BK Bank of New York Mellon Corp BX Blackstone Inc C Citigrp Inc CL Colgate-Palmolive Co CMCSA Comcast Cl A CPB Campbell Soup CTVA Corteva Inc W DE Deere & Co FITB Fifth Third Bancorp GM General Motors Co HGV Hilton Grand Vacations Inc HOLX Hologic Inc IBM Intl Business Machines Corp ICE Intercontinental Exchange Grp IFF Intl Flavors/Fragr KO Coca-Cola Co MA Mastercard Inc MDLZ Mondelez Int'l Inc Cl A MDT Medtronic plc MRNA Moderna Inc MTCH Match Group Inc NWSA News Corp Cl A RCL Royal Caribbean Cruises SYY Sysco Corp TFC Truist Financial Corp UGI UGI Corp VZ Verizon Communications
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
BHF Brighthouse Finl Inc CRUS Cirrus Logic LSCC Lattice Semiconductor MUSA Murphy USA Inc ZTS Zoetis Inc
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.
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