TJX

P&F Bull Trap 5 16 2017

A bull trap is a triple top breakout followed by a reversal after only one box is made in the triple top breakout. The breakout is possibly due to buy stops being hit just above the resistance level, and the quick reversal suggests lower prices ahead.
SymbolNameExchangeSectorIndustrySCTRUniverseCloseVolume
TJXTJX Cos., Inc.NYSECyclicalsApparel Retailers15.8lrg73.7615318838
VFCVFCorpNYSECyclicalsClothing & Accessories10.4lrg52.394000223
ADMArcher Daniels Midland Co.NYSEConsumer StaplesFood Products16.6lrg41.92251271
DISHDISH Network Corp.NASDCyclicalsEntertainment55.8lrg62.272025745
KRGKite Realty Group TrustNYSEFinancialRetail REITs7.3sml17.911385943
EMNEastman Chemical Co.NYSEMaterialsCommodity Chemicals44.4lrg79.561286692