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Written and copyright © 2012-2013 by Thomas N. Bulkowski. All rights reserved.
The following table show securities (stocks, exchange traded funds, indices) that have retraced a portion of the prior up trend.
To create this list, my computer found the most recent three major turns in which price climbed and then retraced. The retrace is between 57% and 67% of the first two turns,
bracketing the 62% Fibonacci retrace number.
Retrace Setup Definitions
The table shows the Bottom, Peak, Bottom, which are the three turns.
The Last Close is the most recent closing price as of the day the list was created.
Diff is the difference between the last close and the most recent bottom.
Suggested Stop is placed at 67% below the Top. Research says that this stop should only trigger a third of the time, allowing two thirds of trades to work. In real
trading, though, anything could happen, so set a stop where you feel is best.
All of this is just guidance and I do not offer any type of guarantee that this setup will work. If and how you trade this is entirely up to you.
For more information on the setup, click See Also
-- Thomas Bulkowski
Retrace Setups
If none appear, then no setups were found in the 600+ securities I reviewed.
This is a list of stocks, ETFs and indices with a 57% to 67% retrace of the most recent advance, as of 5/16/13.
| Security | Bottom | Peak | Bottom | Last
Close | Diff | Retrace | Suggested
Stop |
|---|
| AGL Resources Inc (GAS) |
4/17/13 |
5/2/13 |
5/10/13 $43.02 |
$43.49 |
$0.47
1.1% |
63% |
$42.93 -1.3% |
| Apple Inc. (AAPL) |
4/19/13 |
5/7/13 |
5/16/13 $418.90 |
$434.58 |
$15.68
3.7% |
58% |
$411.71 -5.3% |
| Badger Meter Inc. (BMI) |
5/1/13 |
5/3/13 |
5/13/13 $43.44 |
$44.08 |
$0.64
1.5% |
60% |
$43.22 -2.0% |
| Centerpoint Energy (CNP) |
4/17/13 |
5/1/13 |
5/2/13 $23.93 |
$24.10 |
$0.17
0.7% |
61% |
$23.85 -1.0% |
| Columbus McKinnon (CMCO) |
4/18/13 |
5/3/13 |
5/14/13 $18.14 |
$18.70 |
$0.56
3.1% |
65% |
$18.09 -3.3% |
| ConAgra Foods Inc (CAG) |
4/5/13 |
4/23/13 |
5/2/13 $34.87 |
$35.78 |
$0.91
2.6% |
66% |
$34.85 -2.6% |
| Deckers Outdoor Corp (DECK) |
3/19/13 |
4/24/13 |
4/30/13 $52.70 |
$52.48 |
-$0.22
-0.4% |
61% |
$51.99 -0.9% |
| Emulex Corp (ELX) |
5/1/13 |
5/7/13 |
5/13/13 $6.07 |
$6.22 |
$0.15
2.5% |
58% |
$6.00 -3.5% |
| Intuitive Surgical Inc. (ISRG) |
3/15/13 |
4/15/13 |
5/8/13 $480.65 |
$476.22 |
-$4.43
-0.9% |
58% |
$475.16 -0.2% |
| JetBlue Airways Corporation (JBLU) |
4/3/13 |
4/12/13 |
5/2/13 $6.60 |
$6.52 |
-$0.08
-1.2% |
60% |
$6.52 -0.1% |
| Portland General Electric Co. (POR) |
4/17/13 |
5/6/13 |
5/13/13 $31.42 |
$32.16 |
$0.74
2.4% |
60% |
$31.25 -2.8% |
| Target (TGT) |
4/16/13 |
4/25/13 |
5/2/13 $68.75 |
$70.00 |
$1.25
1.8% |
62% |
$68.58 -2.0% |
| WGL Holdings (WGL) |
4/4/13 |
4/30/13 |
5/13/13 $44.18 |
$44.94 |
$0.76
1.7% |
65% |
$44.12 -1.8% |
| MSCI Israel Cap Invest Mt Index (EIS) |
4/22/13 |
5/8/13 |
5/13/13 $44.12 |
$44.51 |
$0.39
0.9% |
65% |
$44.08 -1.0% |
| MSCI Pacific ex-Japan Index fund (EPP) |
4/15/13 |
4/30/13 |
5/16/13 $49.78 |
$49.85 |
$0.07
0.1% |
59% |
$49.53 -0.6% |
| MSCI South Korea Index (EWY) |
4/18/13 |
5/9/13 |
5/10/13 $56.54 |
$58.12 |
$1.58
2.8% |
59% |
$56.18 -3.3% |
Written and copyright © 2012-2013 by Thomas N. Bulkowski. All rights reserved. Two wrongs won't make a right, but three will get you back onto the freeway.
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