FRI 9/11: CNO – A Break Below the 50 DMA at $53.93 Would Be a Sell Signal

9:00 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.

WED 9/9: CNO – Breaking Below $55 – Triggering a SELL SIGNAL

10:12 AM – As reported last night, “a break below $55.00 would be a SELL SIGNAL.” This morning shares are trading below that level while volume is running above average. That drop below the ROUND-$55 support level, accompanied by increased volume, is enough to trigger our 2ND SELL SIGNAL.

ULTRA Trader’s Tip: Define the Sell Level Before It Breaks

  • Identifying important support in advance gives us an objective level to act on.

  • A break below ROUND-$55 shows that the previously identified support is no longer holding.

  • Increased volume adds significance to the violation and reinforces the SELL SIGNAL.

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TUE 9/8: CNO – Falls to Its 10 DMA – Volume Lighter – a Break Below $55.00 Would Be a Sell Signal

Latest Chart Update: CNO

9:30 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.

 

 

WED 8/19: CNO – CALLING A 1ST SELL SIGNAL @ $53.94 -2.7%

9:37 AM – Calling a 1ST SELL SIGNAL this morning as shares sell off on increased volume and clearly lose support at the 10 DMA. That combination of declining price, expanding volume, and a break of our primary technical support level represents a standard SELL SIGNAL under our rules.

ULTRA Trader’s Tip: Price and Volume Should Confirm Each Other

  • A break below the 10 DMA is an important technical warning.

  • When that break occurs with increased selling volume, the violation carries greater significance.

  • Responding to weakness early helps keep a manageable loss from developing into something larger.

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

MON 8/10: CALLING A BUY SIGNAL (1/3) @ $55.45

10:05 AM – Shares of this insurance leader are currently trading higher from the 10 DMA with an increase in volume. This is my most common BUY SIGNAL—price advancing from proven 10 DMA support with expanding volume. Calling for an initial 1/3 position here.

ULTRA Trader’s Tip: The 10 DMA Is Our Primary BUY SIGNAL

  • A stock advancing from its 10 DMA shows that short-term support is holding.

  • Increased volume adds confirmation that meaningful buying demand is behind the move.

  • Starting with a 1/3 position allows us to participate while leaving room to add as additional technical strength develops.

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