3:54 PM – Shares have now broken below the 50 DMA, currently at $410.20, and that is another significant technical violation. This triggers a 3RD and FINAL SELL SIGNAL under our rules.

ULTRA Trader’s Tip: The 50 DMA Often Marks the Line

  • The 50 DMA is one of the most widely followed support levels on Wall Street.

  • When a stock loses both its 10 DMA and 50 DMA, technical risk increases substantially.

  • Final SELL SIGNALS are designed to move capital out of deteriorating charts and into stronger opportunities.

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

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.

3:57 PM – Continued bearish action with another sharp sell-off and a close below support at ROUND-$420. The stock continues to deteriorate technically, warranting a 2ND SELL SIGNAL.

ULTRA Trader’s Tip: Support Breaks Often Come in Stages

  • Initial weakness often begins with a break of the 10 DMA.

  • Subsequent breaks of key price levels confirm the deterioration.

  • When support levels fail one after another, the probability of further downside increases.

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

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.

3:55 PM – After a sharp sell-off yesterday, the stock is closing below its 10 DMA this afternoon. That is a technical violation and triggers a 1ST SELL SIGNAL under our rules.

ULTRA Trader’s Tip: The First Break Often Matters Most

  • Leading stocks often find support at the 10 DMA during healthy uptrends.

  • A decisive break below that level can signal a shift in short-term momentum.

  • Taking action on the first violation helps prevent a small problem from becoming a larger one.

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

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.