AME

WED 10/21: CVLT – Broke Out to New Recent Highs With a +50% Increase in Volume – Buy Signal

James F. Taulman AME, BB - SIDEBAR, NIGHTLY CHART UPDATES, TLBO

9:05 PM – 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.

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

FRI 10/16: CVLT – Briefly Broke Out Then Sold-Off Sharply – Support at the 50 DMA of $143.22

James F. Taulman AME, BB - SIDEBAR, NIGHTLY CHART UPDATES, TLBO

11:10 PM – 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.

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

FRI 10/16: AME – Still Struggling With Its 10 DMA Resistance

James F. Taulman AME, BB - SIDEBAR, JTPP, NIGHTLY CHART UPDATES

11:05 PM – 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.

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

THU 10/15: AME – Made a Strong Positive Reversal – Now Needs to Clear Its 10 DMA at $249.80

James F. Taulman AME, BB - SIDEBAR, JTPP, NIGHTLY CHART UPDATES

11:05 PM – 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.

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

THU 10/15: AME — Breaks Below Its 50 DMA — Sold All on a Technical Violation

James F. Taulman AME, BB - SIDEBAR, JTPP, NIGHTLY CHART UPDATES

11:01 PM – Sold the last of my AME position this morning as the stock has continued to display bearish technical action. Shares have been forming a series of lower highs and have now triggered another significant technical violation with a break below the 50 DMA.

I did notice that shares staged an impressive positive reversal into the close. However, the stock still needs to reclaim its 10 DMA near $249.80, which remains an important resistance level. A turn-back from that line would be another bearish sign and further confirmation of the developing weakness.

Despite today’s recovery, the technical violations were enough for me to follow the rules and exit the position completely. This freed-up capital for other purchases I made today including CNNE.

James’ Trader’s Tip: A Positive Reversal Doesn’t Erase Previous Weakness

  • A series of lower highs can signal deteriorating price strength before a major support level breaks.
  • A positive reversal is encouraging, but the stock must reclaim key resistance levels to demonstrate a meaningful technical recovery.
  • A turn-back from the 10 DMA following a break below the 50 DMA would add another bearish sign. Follow the technical evidence, not the hope of a recovery.

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

THU 10/8: AME – A Test Of The 50 DMA At $244.41 Looks Likely

James F. Taulman AME, BB - SIDEBAR, JTPP, NIGHTLY CHART UPDATES

7:55 PM – 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.

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

TUE 10/6: AME – A Break Below the 10 DMA at $250.18 Would Be a Sell Signal

James F. Taulman AME, BB - SIDEBAR, JTPP, NIGHTLY CHART UPDATES

7:55 PM – 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.

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

MON 10/5: AME – Remains Above Its 10 DMA of $249.35 – a Break Below Is a Sell Signal

James F. Taulman AME, BB - SIDEBAR, JTPP, NIGHTLY CHART UPDATES

7:45 PM – 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.

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

10/2 FRI: AME – Continued Moderate Bullish Action With More Volume-Backed Gains

James F. Taulman AME, BB - SIDEBAR, JTPP, NIGHTLY CHART UPDATES

7:25 PM – 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.

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

THU 10/1: AME – Posts Volume-Backed Gains From the 10 DMA – Good Sign

James F. Taulman AME, BB - SIDEBAR, JTPP, NIGHTLY CHART UPDATES

8:50 PM – 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.

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

WED 9/30: AME – Posts a Negative Reversal – Watching 10 DMA Support at $245.37

James F. Taulman AME, BB - SIDEBAR, JTPP, NIGHTLY CHART UPDATES

9:53 PM – 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.

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

TUE 8/18: AME – SELLING (ALL) P/L: +$257.68 +2.6%

James F. Taulman AME, BB - SIDEBAR, JTPP, JTPP PERFORMANCE, PERFORMANCE

9:56 AM – Selling all my AME shares this morning as the stock is clearly breaking below the 10 DMA. That loss of short-term support is a technical violation, and with a modest profit still intact, I’m locking in the gain and moving on.

James’ Trader’s Tip: Protect Even Small Profits

  • A profit does not have to be large to be worth protecting.

  • When a stock breaks a key support level like the 10 DMA, the technical picture has changed.

  • Taking a small gain and freeing up capital is better than allowing a winning trade to turn into a loss.

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

MON 8/3: AME – BUYING (1/3) @ $244.04

James F. Taulman AME, BB - SIDEBAR, JTPP

3:58 PM – Starting a 1/3 position in AME ahead of its earnings report. Earnings trades carry significant risk because stocks can gap sharply in either direction after the results are released. However, I have had success with several recent earnings plays, and with my personal trading account at all-time highs—up +42% YTD and 63% YoY—I am willing to assume that calculated risk with a smaller starter position.

James’ Trader’s Tip: Size Positions According to the Risk

  • Earnings announcements can produce sudden and unpredictable price gaps.

  • Beginning with a 1/3 position limits exposure while still providing meaningful upside participation.

  • Higher-risk trades should always be matched with smaller, more controlled position sizes.

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