PGNY

FRI 1/23: PGNY – CALLING A FINAL SELL SIGNAL @ $24.74 -5.8%

James F. Taulman BB - SIDEBAR, PERFORMANCE, PGNY, ST - CHART UPDATES, ST PERFORMANCE

9:42 AM – Shares are breaking below the ROUND-$25 level this morning, removing the last meaningful layer of support. That breakdown confirms continued technical deterioration. Calling a FINAL SELL SIGNAL here and exiting the position.

SELL SIGNALS:
1/15 (1/3) @ $25.28 –3.8%
1/21 (1/3) @ $25.37 –3.4%
1/23 (1/3) @ $24.74 –5.8% FINAL

OVERALL LOSS: –4.3%

ULTRA Trader’s Tip: Round Numbers Are Decision Points

  • ROUND-$ levels often act as psychological support.

  • Breaks below them tend to accelerate downside, not stabilize it.

  • Exiting decisively on structural breaks keeps losses contained and controlled.

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

WED 1/21: PGNY – CALLING A 2ND SELL SIGNAL @ 25.37 -3.4%

James F. Taulman BB - SIDEBAR, PERFORMANCE, PGNY, ST - CHART UPDATES, ST PERFORMANCE

3:23 PM – The 50 DMA is now acting as firm resistance as the 10 DMA has clearly rolled over, confirming continued technical deterioration. Calling a 2ND SELL SIGNAL here. The next meaningful support sits near the ROUND-$25 level; a decisive break below that would trigger the FINAL SELL SIGNAL.

SELL SIGNALS:
1/15 (1/3) @ $25.28 –3.8%
1/21 (1/3) @ $25.37 –3.4%

OVERALL P/L: –3.6%

ULTRA Trader’s Tip: When Support Becomes Resistance, Risk Escalates

  • Former support acting as resistance signals a change in character.

  • A rolling over short-term average confirms momentum deterioration.

  • When structure weakens, scaling out protects capital before losses accelerate.

  • Let price structure, not hope, dictate position management.

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

THU 1/15: PGNY – SELLING (ALL) P/L: -$376.27 -3.8%

James F. Taulman BB - SIDEBAR, JTPP, JTPP PERFORMANCE, PERFORMANCE, PGNY

10:08 AM – Selling out of PGNY this morning as shares are being turned back from the 10 DMA, signaling renewed short-term weakness. This action provides a clear reason to exit with a modest loss and to free up capital. The focus now is redeploying into stocks with cleaner technical setups and less overhead supply to work through, like KN which I am staring a position in here.

SELL SIGNALS:
1/15 (ALL) –3.8%

James’ Trader’s Tip: Small Losses Are Strategic

  • Being turned back at the 10 DMA is a sell signal.

  • Accepting small losses preserves capital and mental clarity.

  • Capital performs best when it’s allocated to stocks that can move higher without fighting resistance.

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

MON 1/5: PGNY – BUYING (1/3) @ $26.27

James F. Taulman BB - SIDEBAR, JTPP, PGNY

9:56 AM – The market is off and running this morning, and I’m looking for stocks to jump on. Seeing PGNY moving off of its 10 DMA – while still not extended – with an increase on volume. Initiating a 1/3 position here and will monitor closely for a potential ADD when technically appropriate.

BUY SIGNALS:
1/5 (1/3) @ $26.27

ULTRA Trader’s Tip: Start Small, Let Strength Confirm

  • Initial entries near the 10 DMA keep risk controlled.

  • Volume confirmation improves the odds that momentum is real, not random.

  • Starting with a 1/3 position allows flexibility to add only if price action earns it.

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