THU 4/9: OOMA – CALLING A 3RD SELL SIGNAL @ $13.86 -0.72%

12:40 PM – After closing just slightly below its 10 DMA yesterday, shares continue to slide today and are now breaking below ROUND-$14 support. That combination confirms ongoing weakness and triggers a clear FINAL SELL SIGNAL.

ULTRA Trader’s Tip: Follow Through Confirms the Signal

  • A close below the 10 DMA followed by continued downside confirms momentum loss.

  • Breaks of round-number support levels add to selling pressure.

  • Final exits protect capital when weakness continues without recovery.

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

FRI 3/20: OOMA – CALLING A 2ND SELL SIGNAL @ $13.56 -2.9%

4:29 PM – Calling a quick 2ND SELL SIGNAL here as shares have again been turned back from the 10 DMA, with that line is now clearly rolling over. In addition, overall market conditions continue to deteriorate, adding further pressure.

ULTRA Trader’s Tip: Follow Through Matters

  • Failed rallies into the 10 DMA confirm it has become resistance.

  • A rolling over 10 DMA signals weakening short-term momentum.

  • In weak markets, quick follow-through to the downside warrants decisive action.

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

WED 3/18: OOMA – SELLING (ALL) P/L: -$170.75 -1.8%

3:47 PM – Liquidating my entire OOMA position here at the close. The stock is now clearly trading below the 10 DMA and has broken below ROUND-$14 support on above-average volume. These types of price/volume moves are pivotal.

Additionally, the broader market environment continues to weaken, with the major averages all breaching their 200 DMA levels (even if only slightly).

It is also well past time to reduce margin exposure. My usage tends to run on the high side, which has help me produce sharp YOY gains, it becomes increasingly risky in a downtrending, news-driven market like we are seeing now.

This stock is a lower-priced, thinner name, and considering that, I was anticipating a sharp upside move given its position near the 10 DMA as well as other technical bullish points. Instead, today’s action showed the opposite.

With both technical deterioration and portfolio risk management in play, I’m out with a modest loss.

ULTRA Trader’s Tip: Align With the Market Environment

  • Breaks below the 10 DMA and key support on volume are clear exit signals.

  • When the broader market weakens, individual stocks become more vulnerable.

  • Reducing margin in a deteriorating environment is disciplined risk management, based on clear bearish signals.

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

WED 3/18: OOMA – CALLING A 1ST SELL SIGNAL @ $13.86 -0.7%

3:47 PM – The stock is now clearly trading below the 10 DMA and has broken ROUND-$14 support on above-average volume. These types of price/volume moves are pivotal and signal a shift in short-term momentum.

Additionally, the broader market environment is weakening, with the major averages breaching their 200 DMA levels — even if only slightly — which adds pressure across the board.

ULTRA Trader’s Tip: Align With the Market Environment

  • Breaks below the 10 DMA on volume signal immediate weakness.

  • Loss of key support levels like ROUND-$14 confirms sellers are in control.

  • When the broader market weakens, individual stocks become more vulnerable — act accordingly.

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

TUE 3/17: OOMA – BUYING (1/3) @ $14.14

9:46 AM – Starting a 1/3 position here as the stock continues advancing from its 10 DMA with an increase in volume. That combination of price support and volume expansion is a constructive signal of demand.

James’ Trader’s Tip: Strength Off the 10 DMA

  • The 10 DMA is the key line for short-term momentum.

  • Moves higher from this level, especially on volume, often lead to continued upside.

  • Initiating positions near support keeps risk tight and entries disciplined.

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

MON 3/16: OOMA – CALLING A BUY SIGNAL (1/3) @ $13.96

3:46 PM – Shares are trading higher today from the 10 DMA with a strong increase in volume of +51%. That type of price and volume action signals clear institutional demand and supports a BUY SIGNAL here.

ULTRA Trader’s Tip: Volume Confirms the Move

  • Moves off the 10 DMA are most reliable when backed by strong volume.

  • Increased volume signals institutional participation, not random price action.

  • Combining price support with volume expansion gives higher-probability entries.

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