3:37 PM – The stock has now committed a full series of technical violations — enough to warrant a final exit.

The first warning came on 10/22, when shares dropped –4% with +75% volume — an early sign of technical weakness and momentum fatigue. While price managed to hold the 10 DMA that day, the negative reversal two sessions later confirmed a break in character.

By 10/28, a clear trendline violation occurred as the stock closed below its 10 DMA. That line, once supportive, began acting as resistance over the next two sessions — a textbook support violation showing institutions were no longer defending the move.

Today’s close undercut prior lows on +45% rising volume — a volume-backed breakdown and final evidence of technical deterioration. The uptrend has lost its structural integrity, and the trade no longer meets ULTRA’s standards for momentum discipline. This has me calling a FINAL SELL SIGNAL.

Still, the trade closes with a controlled profit — a disciplined win under shifting conditions.

SELL SIGNALS:
10/10 @ $152.01 –0.3%
10/29 @ $157.88 +3.5%
10/31 @ $156.84 +2.9%

CLICK/TAP CHART TO ZOOM
Chart services courtesy of stockcharts.com. Annotations by James Taulman.

 

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James had served as Editor-in-Chief of the first independently licensed website to offer stock reports and services based on the CAN SLIM® investment system.

Since the late 1990s, he has been analyzing growth stocks and providing investor-focused research rooted in time-tested technical strategies. Over the years, James developed a strong ability to quickly and accurately identify high-ranked trading candidates using this proven approach.

He has worked with a wide range of investors — from professional money managers to individual traders — helping them apply this disciplined system in real-world markets.

James has delivered weekly market commentary as part of the “Your Money Matters” radio program, broadcast on both ABC and CBS radio networks, and for a time was a daily guest on the Investor’s Edge radio program.

Today, he is the developer and founder of U L T R A — a robust yet easy-to-use trading system built to identify and manage high-probability stock trades based on strict technical rules and real-time alerts.