How to find pullbacks about to pop
In today’s Chart of the Day, we’re going to look at the
TradingMarkets
Pullback List.
Most successful momentum-based traders and money managers like to buy strong
stocks after they pull back. TradingMarkets.com uses a proprietary mathematical
model to identify up to 30 (in weak or choppy markets there will be fewer) of
the strongest stocks that have pulled back from recent highs. These stocks
should be considered potential candidates to resume their longer-term uptrends.
To learn more about how to trade pullbacks successfully,
click here.
Goodrich Petroleum
(
GDP |
Quote |
Chart |
News |
PowerRating)
In the days to come we’ll show you more of these examples on both the long and
short side. I’ve enjoyed showing you this Chart of the Day, please feel free to
email me at editor@tradingmarkets.com
if you have any questions or comments.
Ashton Dorkins
Editor-in-Chief
Reminder: We are in no way recommending the purchase or short sale of these
stocks. This article is intended for education purposes only. Trading should be based on your own understanding of market conditions,
price patterns and risk; our information is designed to contribute to your
understanding. Controlling risk through the use of protective stops is critical.