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RSI2 Pullbacks for May 7
http://www.tigersharktrading.com/articles/46794/1/RSI2-Pullbacks-for-May-7/Page1.html
By Mean Reversion Trader
Published on 05/6/2024
 

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


RSI2 Pullbacks for May 7

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

AAON Aaon Inc
GIL Gildan Activewear Inc

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

BBIO BridgeBio Pharma Inc
BE Bloom Energy Corp
HR Healthcare Realty Trust Inc
INMD InMode Ltd
PFE Pfizer Inc
PNM PNM Resources Inc
RCM R1 RCM Inc
TGNA TEGNA Inc

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.