THU 7/2: MGA – CALLING A FINAL SELL SIGNAL @ $62.44 -3.5%

3:42 PM – Shares fell below their 50 DMA today. That is a significant technical violation and triggers a FINAL SELL SIGNAL under our rules.

ULTRA Trader’s Tip: Respect the 50 DMA

  • The 50 DMA often serves as a key dividing line between healthy uptrends and weakening charts.

  • Stocks that lose this level frequently require time to repair their technical damage.

  • Final SELL SIGNALS help preserve capital and prepare you for stronger opportunities ahead.

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

TUE 6/9: MGA – CALLING A 3RD SELL SIGNAL @ $66.13 +8.8%

3:38 PM – The stock is clearly breaking below the 10 DMA. After recent signs of weakening momentum, a downtrend may now be developing. I’m calling a 3RD and FINAL SELL SIGNAL here this afternoon.

ULTRA Trader’s Tip: Trends Deserve Respect

  • Strong stocks typically hold above their 10 DMA during sustained advances.

  • Repeated breaks of support often signal a shift from accumulation to distribution.

  • The goal is to capture the bulk of a move, not hold through the entire reversal.

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TUE 6/2: MGA – Sharp Session Gains Yet Volume Lagged -12.6%

Latest Chart Update: MGA

10:25 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.

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MON 6/1: MGA – Found Support at Its 10 DMA of $63.52 Today – Good Sign

Latest Chart Update: MGA

9:35 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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WED 5/27: MGA – Called a Sell Signal This Afternoon @ $66.50 +2.8%

Latest Chart Update: MGA

8:30 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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WED 5/27: MGA – CALLING A 2ND SELL SIGNAL @ $66.50 +2.8%

3:38 PM – Calling a 2ND SELL SIGNAL this afternoon as the stock continues trading higher and becomes extended from its 10 DMA, while volume remains well below average. The lack of strong volume support raises the risk of a pullback.

ULTRA Trader’s Tip: Weak Volume Behind Gains Is a Warning

  • Strong advances are more reliable when supported by strong volume.

  • Stocks extended too far above the 10 DMA often become vulnerable to pullbacks.

  • Taking partial profits into weak-volume strength helps protect gains.

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FRI 5/22: MGA – Breaks Out Late Today From Our Trendline Watch List

Latest Chart Update: MGA

8:20 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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THU 5/21: MGA – SELLING (ALL) P/L: -$64.77 -1.0%

3:20 PM – Selling all of my MGA here. Looking to free up capital for other potential purchases while also reducing overall margin exposure.

James’ Trader’s Tip: Capital Allocation Is Part of Trading

  • Every position competes for limited capital and buying power.

  • Reducing margin exposure lowers overall portfolio risk.

  • Sometimes the best move is reallocating capital into stronger opportunities.

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WED 5/20: MGA – Gains Today Along With the Market – Volume Lighter – Remains Under the 10 DMA

Latest Chart Update: MGA

10:00 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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TUE 5/19: MGA – A Break Below the 50 DMA at $58.02 Would Be a Final Sell Signal

Latest Chart Update: MGA

11:15 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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MON 5/18: MGA – Breaks Below $60 – Not Good – Support at the 50 DMA of $57.98

Latest Chart Update: MGA

8:35 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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FRI 5/15: MGA – SELLING (1/3) P/L: -$170.64 -5.2%

10:01 AM – Following the rules and selling 1/3 of my roughly $10,000 position here as the stock falls below its 10 DMA. The next support level I’m watching is ROUND-$60. Below there, the next major support is the 50 DMA, currently at $58.40.

James’ Trader’s Tip: Sell Signals Are About Risk Control

  • The goal of a SELL SIGNAL is to reduce risk, not predict the future.

  • Selling in thirds allows flexibility if the stock stabilizes.

  • Respecting technical violations keeps emotions out of the process.

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FRI 5/15: MGA – CALLING A 1ST SELL SIGNAL @ $60.29 -0.8%

9:52 AM – Shares sliced below the 10 DMA first thing this morning. Initial breaks of the 10 DMA are SELL SIGNALS under our guidelines. The stock did find support at ROUND-$60, with additional support below there at the 50 DMA, currently at $58.40.

ULTRA Trader’s Tip: First Breaks Set the Tone

  • Initial breaks of the 10 DMA often signal momentum is weakening.

  • Round-number levels like $60 can provide temporary support.

  • The 50 DMA becomes the next major support area if weakness continues.

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THU 4/30: MGA – BUYING (1/3) @ $63.68

10:18 AM – Personally buying just a 1/3 position here in MGA as the stock trades higher from its 10 DMA. That is one of my highest-probability BUY SIGNALS. Today’s volume-backed action could clearly be tied to the upcoming earnings announcement, and buying ahead of earnings carries added risk. I will be watching this one closely.

James’ Trader’s Tip: Respect Earnings Risk

  • Moves from the 10 DMA with volume are strong signals — but context matters.

  • Earnings events can override technical setups with sudden volatility.

  • Smaller position sizing helps manage risk when uncertainty is elevated.

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THU 4/30: MGA – CALLING A 2ND BUY SIGNAL (1/3) @ $63.61

10:16 AM – Shares are advancing from the 10 DMA with an increase in volume. That combination signals continued demand and qualifies as a BUY/ADD signal under our rules.

NOTE: The company is scheduled to report earnings and is very likely to become volatile.

ULTRA Trader’s Tip: Manage Adds Around Earnings

  • Moves from the 10 DMA with volume confirm strength.

  • Adding in thirds helps control risk ahead of uncertain events like earnings.

  • Be prepared for volatility — position sizing matters most during earnings windows.

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FRI 4/17: MGA – CALLING A BUY SIGNAL (1/3) @ $60.76

3:44 PM – Shares are advancing from 50 DMA support and breaking above ROUND-$60 on above-average volume. That combination of support, resistance break, and volume confirms a constructive BUY SIGNAL.

ULTRA Trader’s Tip: Support + Breakout = Opportunity

  • Bounces from the 50 DMA often signal institutional support.

  • Breaks above round-number resistance confirm strength.

  • Volume expansion validates the move and improves probabilities.

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