THU 7/30: AM – CALLING A 2ND / FINAL SELL SIGNAL @ $21.36 -5.7%

10:39 AM – Calling a 2ND and FINAL SELL SIGNAL as the stock continues to trade below its 50 DMA and displays persistent technical weakness. The failure to reclaim this key support level confirms the deterioration in the stock’s technical condition coupled with the near -6% decline warrants completing the exit.

ULTRA Trader’s Tip: Do Not Wait for Weakness to Become Worse

• Continued trading below the 50 DMA confirms that an important support level has been lost.

• A stock’s failure to recover after a major technical violation is often a signal to reduce the remaining exposure.

• Completing the exit protects capital and keeps losses from becoming more difficult to manage.

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

TUE 7/28: AM – CALLING A 1ST SELL SIGNAL @ $21.75 -4.0%

3:47 PM – Calling a 1ST SELL SIGNAL here as the stock has clearly broken below its 50 DMA support and is closing near the session lows on a 27% increase in volume. The combination of a major support violation, weak closing action, and rising volume represents a meaningful deterioration in the stock’s technical condition.

ULTRA Trader’s Tip: Respect a Break of Major Support

• The 50 DMA is an important intermediate-term support level.

• A break below support carries greater significance when volume expands.

• Closing near the session lows confirms that sellers remained in control through the end of the day.

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

TUE 7/28: AM – SELLING (ALL) P/L: -$579.89 -5.0%

9:40 AM – Selling all my AM shares this morning as the stock continues lower after slipping below the 50 DMA yesterday. That break represents clear technical weakness. I am also freeing up needed capital to add another 1/3 position to FTS, which appears headed toward new highs on above-average volume.

James’ Trader’s Tip: Move Capital Toward Strength

  • A break below the 50 DMA is a meaningful technical violation that should not be ignored.

  • Holding a weakening stock can prevent capital from being deployed into a stronger opportunity.

  • Portfolio management is not only about what you sell—it is also about where that capital can work more effectively.

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

FRI 7/24: AM – BUYING (1/3) @ $23.28

9:44 AM – I’m picking up a 1/3 position in this natural gas transmission, water supply, and treatment services stock from our Swing Trades Portfolio a little early this morning. Shares are breaking above several recent highs with what was an increase in volume.

ULTRA Trader’s Tip: Start Small When Buying Early

  • Entering before a breakout is fully confirmed carries additional risk.

  • Beginning with a 1/3 position provides exposure while limiting risk if the move fails.

  • Additional shares can be added later if the stock continues to confirm the BUY SIGNAL.

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

THU 6/18: AM – ADDING TO WATCH LIST

11:50 PM – Here is our latest chart update for this recent breakout from our Traditional BreakOuts Watch List.

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

We are currently reporting on this stock as an active holding and continue to monitor the stock closely for any technical SELL SIGNALS.

The focus always remains on price/volume action around key support levels, including the 10 DMA, 50 DMA, and any nearby trendline or ROUND-$ support.