Pullback

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Pullback

The downward reversal of a prolonged upward price trend.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
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.
That has left stocks vulnerable to sudden pull-backs.
Other cool Robot Wars toys include the PussyCat action pull-back toy, which can speed on four wheels or on its side on two, to get a better attacking position.
The recent upturn has been driven by a pull-back in crude oil.
Alonso got away with a yellow card (right) but Hughton insisted that should have been enough anyway because the Chelsea defender should have been booked earlier for two pull-backs on Anthony Knockaert.
There were similar pull-backs in some West Bank areas.
"See how it helps the pull-backs," he said as he floated upward.
* Write long-dated, out-of-the-money put options on market pull-backs.