FRI 5/15: LGND – CALLING A 2ND SELL SIGNAL @ $214.23 +0.6%

3:19 PM – After recently being turned back from the 10 DMA — a bearish sign — shares are now breaking below the 50 DMA and appear likely to close near the session lows. That combination represents a clear technical violation and triggers a 2ND SELL SIGNAL.

ULTRA Trader’s Tip: Weak Closes Matter

  • Turnbacks from the 10 DMA often signal fading momentum.

  • Breaks below the 50 DMA confirm increasing technical weakness.

  • Stocks closing near session lows suggest sellers remained in control into the close.

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Chart services courtesy of stockcharts.com. Annotations by James Taulman.