FRI 3/13: MRCY – CALLING A 3RD SELL SIGNAL @ $79.01 -19.9%

11:14 AM – Calling a 3RD and FINAL SELL SIGNAL here as shares break below our support at ROUND-$80 with an increase in volume. That violation confirms continued technical deterioration and signals sellers remain in control.

ULTRA Trader’s Tip: Cut Losses Decisively

  • Breaks of major round-number support often accelerate selling pressure.

  • Expanding volume during a decline confirms institutional distribution.

  • Cutting losses quickly preserves capital and keeps you ready for stronger opportunities.

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

MON 2/2: MRCY – CALLING A 2ND SELL SIGNAL @ $93.42 -5.3%

3:55 PM – Calling a 2ND SELL SIGNAL as the company heads into earnings scheduled for Tuesday after the market close. With the stock already under pressure, I’m reducing exposure and avoiding unnecessary event risk.

SELL SIGNALS:
1/30 (1/3) @ $95.05 –3.6%
2/2 (1/3) @ $93.42 –5.3%

OVERALL P/L (ON SOLD SHARES):–4.5%

ULTRA Trader’s Tip: Earnings Change the Equation

  • Earnings introduce binary risk that charts can’t manage.

  • Carrying weakened positions into reports skews risk/reward the wrong way.

  • Trimming ahead of events keeps losses controlled and intentional.

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

WED 1/21: MRCY – CALLING A BUY SIGNAL (1/3) @ $98.64

1/21 WED: MRCY – CALLING A BUY SIGNAL (1/3) @ $98.64

10:34 AM – After a tough session yesterday along with the broader market, shares are advancing from their 10 DMA today with an increase in volume, signaling renewed short-term momentum. That action qualifies as a BUY SIGNAL. A break back below the 10 DMA at $96.30 would be a SELL SIGNAL.

BUY SIGNALS:
1/21 (1/3) @ $98.64

ULTRA Trader’s Tip: Define Risk at Entry

  • The 10 DMA is both the entry trigger and the risk line.

  • Buying strength from support works best when the exit rule is clear in advance.

  • Well-defined risk allows you to act decisively without hesitation.

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