Category: trend pullback setup
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Today’s Trades: RIMM and RS
I bought 500 shares of RIMM at $82.71. This is a short term trend-pullback play. My intitial target is the high at $85, with a stop at $81. I covered the RS short, 500 shares at $54.05 (entry at $53.16) for a $445 loss (-1.6%). I am still holding GMRC,…
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Trend-Pullback Watchlist
The following stocks are on my “trend-pullback” watchlist: Four featured charts:
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Today’s Trade: FLR
I bought 500 shares of FLR at $120.20. The stock has been on my primary watchlist since the July breakout and has been a great trend pullback trade. I recently set an entry of $117-120, and the stocked dipped down to $119 yesterday. However, I decided to take a wait…
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Two Stocks to Watch: FLR and HOC
It’s tough to guess which way the market will go this week, so I won’t make any big bets in either direction. While the bulls did a fine job in terms of price action, what we had was a “V-ish” move toward resistance on light volume. That’s not bullish. So…
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Today’s Trades: NOV (and Steel comment)
I bought 300 shares of NOV at $114.35. Buying this stock on pullbacks has become a go to move for me, like Allen Iverson’s crossover. This is one of those “keep doing it until it ceases to work” trades, akin to feeding a hot three point shooter. Okay, that’s it…
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Primary Watchlist
The following stocks are on my Primary Watchlist as long setups: CROX, MOS, WYNN, SWHC, CMG, GME, NOV, BCSI, OII, POT, LVS, UA, GRMN, DRYS, and TBSI All of these stocks are trend pullback plays that have held up over the past two weeks.
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Trade: MMM
Later in the day I bought 400 shares of MMM at $88.75. The stock shows no signs of the recent market slide. I know some of you are scratching your heads thinking “it’s dropped from $92 to $88.” I see that too, and I like it. While many stocks pulled…
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Trade: HDNG
I bought 500 shares of HDNG at $38.25. It’s a low float stock that showed up on my “trend pullback scan” last week, which placed it at the top of my primary watchlist. The stock printed a tail at support on Friday with a strong close, so I placed a…
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Trades: FTO, VLO and CMG
Three trades based on confirmation moves after pullbacks to support. All three positons came from my “primary 100 watchlist”. CMG was on the top 25 low floats posted yesterday. I bought 500 shares of FTO at $46.05. Nice high volume confirmation move at support. I bought 300 shares of CMG…
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SNCR: No Longer an Ideal Pullback Candidate
I received an email from a reader who asked if today’s pullback in SNCR was an entry signal. My answer was a not so subtle, “Not on your life!” In last night’s chart post, I mentioned that I liked SNCR on a pullback. Those that have been reading me for…
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What if your pullback play goes against the overall market?
I recevied the following question from a reader. It’s a tough one to answer, as I have no hard and fast rule on the topic. I wanted to know if you will enter pullbacks that look good even if the market was strong during the pullback? Basically say the DOW…
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Today’s Trades: OII, HEI and MT
Today I took positions in three of the six stocks that I posted on my primary watchlist last night. All three are pullback plays in trending stocks. Due to the current nature of the market, I cut my normal position size in half for these trades. I bought 250 shares…
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Trade: RIO and Entry Point Precision
I bought 500 shares of RIO at $44.65. This is a simple “trend pullback” trade. The stock has been on a steady trend that has bounced off of every pullback to the 50 day moving average. I am a bit concerned about the heavy volume on this pullback, so I…
Paul J Singh 