Pullback

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Pullback

The downward reversal of a prolonged upward price trend.

Pullback

In a price uptrend, a security's retreat from its previous high. A pullback may be a signal that the uptrend is ending and may be taken as a sign to sell. On the other hand, the pullback may be temporary and the uptrend could continue. In that case, it may be taken as a sign to buy. The meaning of a pullback depends on other technical indicators.
References in periodicals archive ?
One star winner will bag a raging radio-controlled Matilda, along with Panic Attack and PussyCat pull-back action toys.
The 20% pull-back in crude oil and refined product prices over the past two months provides additional support for margin improvement moving into 2007.
Asked by Reuters whether the pull-back could start without a ceasefire at Debaltseve, a strategic railway junction, he said: "The Minsk agreements talk about a general ceasefire.
However, a pull-back in equity-related allocations by a number of institutions resulted in a slight downturn in overall hedge funds assets to $618 billion from $622 billion at year-end 2002.
Both the Nasdaq Composite and Qlogic are approaching critical technical levels, and a pull-back and profit-taking is likely in order short-term.
He added, "Despite this recent stock price pull-back, we see the long-range outlook for the semiconductor manufacturing sector to be strong.