2:29 PM – Shares continue to decline today on above-average volume. The stock never recovered from its earnings selloff. There have been several bearish signals since that reaction — beginning with the turnback from the 10 DMA and break of the 50 DMA on 2/12. Then came the rejection at the 50 DMA on 2/27, followed by back-to-back gap downs starting on 3/2. That sequence confirms sustained technical deterioration. Calling a 3RD and FINAL SELL SIGNAL here.

ULTRA Trader’s Tip: Respect the Sequence of Weakness

  • When a stock breaks the 50 DMA after failing at the 10 DMA, momentum has clearly deteriorated.

  • Repeated gap downs signal urgency from sellers, not normal volatility.

  • Following SELL SIGNAL rules removes hesitation and prevents deeper losses.

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

3:42 PM – Shares are clearly breaking below the 50 DMA, marking a decisive technical violation. That breakdown triggers a 1ST SELL SIGNAL as intermediate-term support has failed.

SELL SIGNALS:
2/12 (1/3) @ $23.28 –5.1%

ULTRA Trader’s Tip: Intermediate Support Matters

• A break below the 50 DMA signals technical deterioration.

• Intermediate support failures often lead to additional downside pressure.

• Acting early keeps losses manageable and preserves capital.

• Discipline protects the account — hesitation increases damage.

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