Ongoing updates for EIX will be posted at the link below, as soon as each one is made available.
https://buyingbreakouts.com/category/eix/
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SELL SIGNAL
MON 9/14: OII — CALLING A SELL SIGNAL: OII 3RD @ $46.56 +15.4%
Ongoing updates for OII will be posted at the link below, as soon as each one is made available.
https://buyingbreakouts.com/category/oii/
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WED 9/9: CNO – Breaking Below $55 – Triggering a SELL SIGNAL
10:12 AM – As reported last night, “a break below $55.00 would be a SELL SIGNAL.” This morning shares are trading below that level while volume is running above average. That drop below the ROUND-$55 support level, accompanied by increased volume, is enough to trigger our 2ND SELL SIGNAL.
ULTRA Trader’s Tip: Define the Sell Level Before It Breaks
• Identifying important support in advance gives us an objective level to act on.
• A break below ROUND-$55 shows that the previously identified support is no longer holding.
• Increased volume adds significance to the violation and reinforces the SELL SIGNAL.
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Chart services courtesy of stockcharts.com. Annotations by James Taulman.
WED 9/9: CALLING A SELL SIGNAL: CNO 2ND @ $54.70 -1.4%
Ongoing updates for CNO will be posted at the link below, as soon as each one is made available.
https://buyingbreakouts.com/category/cno/
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TUE 9/8: GPN — Breaks Below the ROUND-$90 and Triggers a SELL SIGNAL
9:12 PM – GPN triggered a 3RD and FINAL SELL SIGNAL this afternoon as shares fell below the previously noted ROUND-$90 support level. That additional technical violation completes our three SELL SIGNALS on the selection, with this final portion still showing a solid +11.6% gain.
ULTRA Trader’s Tip: Scale Out as Support Levels Fail
• Round-number levels such as $90 can serve as important areas of technical support.
• A break below previously identified support provides an objective reason to take additional profits.
• Scaling out through multiple SELL SIGNALS allows us to systematically protect gains as technical weakness develops.
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Chart services courtesy of stockcharts.com. Annotations by James Taulman.
TUE 9/8: CALLING A SELL SIGNAL: GPN 3RD @ $89.45 +11.6%
Ongoing updates for GPN will be posted at the link below, as soon as each one is made available.
https://buyingbreakouts.com/category/gpn/
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TUE 9/8: SONO – Slices Through Its 50 DMA With Huge Volume — SELL SIGNAL
10:30 AM – Calling a FINAL SELL SIGNAL here this morning as shares sell off sharply and break decisively below the 50 DMA while volume is currently running 163% above average. That combination of a major support violation and extremely heavy selling volume is a significant bearish technical development and completes the SELL process on this selection.
ULTRA Trader’s Tip: Heavy Volume Makes a Major Support Break More Significant
• A decisive break below the 50 DMA is a major technical violation.
• Volume running 163% above average shows that the selling pressure is unusually strong.
• When major support fails on extremely heavy volume, respect the signal and move on.
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Chart services courtesy of stockcharts.com. Annotations by James Taulman.
TUE 9/8: CALLING A SELL SIGNAL: SONO FINAL @ $14.49 -10.0%
Ongoing updates for SONO will be posted at the link below, as soon as each one is made available.
https://buyingbreakouts.com/category/sono/
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TUE 9/1: BY — Called a FINAL SELL SIGNAL at +17% as Bearish Action Mounts
10:05 PM – Calling a FINAL SELL SIGNAL on Byline Bancorp as bearish technical action continues to mount. The 10 DMA has repeatedly weighed on the stock and acted as resistance, while a clear downtrend has developed from the early-August highs near $40.00. Today’s move to a new recent closing low adds another bearish sign and confirms the continued deterioration.
ULTRA Trader’s Tip: Repeated Resistance Can Define the Trend
• When a stock repeatedly fails at the 10 DMA, that line can shift from support to resistance.
• A pattern of lower prices developing from prior highs is evidence that a downtrend is taking shape.
• New recent lows add confirmation that weakness is continuing and support taking the final SELL SIGNAL.
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Chart services courtesy of stockcharts.com. Annotations by James Taulman.
TUE 9/1: NDSN – Called a Second SELL SIGNAL as Price Fell Below $320.00
9:27 PM – Called a 2ND SELL SIGNAL this morning as shares broke below the ROUND-$320 level with what was, at the time, an increase in volume. This follows Monday’s bearish action when the stock closed below its 10 DMA. We are now seeing mounting technical weakness with multiple support violations developing.
Longer term, NDSN does remain in an overall uptrend, but the shorter-term deterioration is enough to warrant this second SELL SIGNAL. Under the guidelines, and 1/3 position remains.
As noted just in last evenings Nighty Chart Updates – A Break Below the Round-$320 Is a Sell Signal
ULTRA Trader’s Tip: Separate the Short-Term Signal From the Long-Term Trend
• A stock can remain in a longer-term uptrend while still developing meaningful short-term weakness.
• Losing the 10 DMA followed by a break below ROUND-$320 shows that the bearish evidence is building.
• Scaling out as technical violations accumulate allows us to protect gains without ignoring the stock’s broader trend.
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Chart services courtesy of stockcharts.com. Annotations by James Taulman.
TUE 9/1: NDSN – Called a 2nd Sell Signal @ $318.53 Inside Ultra +3.4%
8:50 PM – Here is our latest chart update for this recent breakout from our Traditional BreakOuts Watch List
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Chart services courtesy of stockcharts.com. Annotations by James Taulman.
We are currently reporting on this stock as an active holding and continue to monitor the stock closely for any technical SELL SIGNALS.
The focus always remains on price/volume action around key support levels, including the 10 DMA, 50 DMA, and any nearby trendline or ROUND-$ support.
MON 8/31: MYE – Stock is Clearly Breaking Below its 50 DMA Support
1:05 PM – Calling a 3RD and FINAL SELL SIGNAL this afternoon as shares clearly break below their 50 DMA support while volume is on pace to finish above the daily average. That is a significant technical violation and completes all three SELL SIGNALS on this selection.
With each SELL SIGNAL locking in more than a +30% gain, MYE finishes as a clear winning ULTRA swing trade.
ULTRA Trader’s Tip: Scale Out and Protect a Big Winner
• The 50 DMA is an important support level, and a decisive break below it is a major technical warning.
• Scaling out through multiple SELL SIGNALS allows us to systematically protect gains as a stock weakens.
• Completing all three SELL SIGNALS with gains above +30% shows the value of letting strength work while still respecting technical violations.
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Chart services courtesy of stockcharts.com. Annotations by James Taulman.
CALLING A SELL SIGNAL: MYE 3RD @ $31.69 +32.7%
Ongoing updates for MYE will be posted at the link below, as soon as each one is made available.
https://buyingbreakouts.com/category/mye/
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MON 8/31: PH – CALLING A 2ND/FINAL SELL SIGNAL @ $985.22 -1.9%
10:11 AM – Calling a 2ND and FINAL SELL SIGNAL here this morning as shares clearly break below their 50 DMA support. As noted on Friday, a break below the 50 DMA would trigger another SELL SIGNAL. That technical violation has now occurred, closing out the selection under our rules.
ULTRA Trader’s Tip: Major Support Breaks Require Action
• The 50 DMA is an important intermediate-term support level and a key line we monitor closely.
• Identifying the SELL level in advance removes emotion from the decision when that level is eventually broken.
• When the stock triggers the predetermined rule, follow the signal and move on.
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Chart services courtesy of stockcharts.com. Annotations by James Taulman.
FRI 8/28: GPN – CALLING A 2ND SELL SIGNAL @ $91.91 +14.6%
3:26 PM – Calling a 2ND SELL SIGNAL as shares are now clearly breaking below the 10 DMA while also forming a series of lower highs. That combination is a bearish technical development and can mark the beginning of a developing downtrend. With the position still showing a +14.6% gain, this is the type of weakness we want to respect rather than ignore.
ULTRA Trader’s Tip: Lower Highs Can Signal a Trend Change
• A series of lower highs shows that buyers are becoming less willing to push the stock back to previous levels.
• A break below the 10 DMA adds another important technical violation.
• When weakening price structure and a support break occur together, protect profits and follow the SELL rules.
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Chart services courtesy of stockcharts.com. Annotations by James Taulman.
THU 8/27: TPR – Called a Final Sell Signal This Morning Inside Ultra @ $128.00 -21.0%
8:25 PM – Here is our latest chart update for this recent breakout from our Traditional BreakOuts Watch List.
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Chart services courtesy of stockcharts.com. Annotations by James Taulman.
We are currently reporting on this stock as an active holding and continue to monitor the stock closely for any technical SELL SIGNALS.
The focus always remains on price/volume action around key support levels, including the 10 DMA, 50 DMA, and any nearby trendline or ROUND-$ support.
THU 8/27: TPR – CALLING A 2ND/FINAL SELL SIGNAL @ $128.00 -21.0%
9:41 AM – Calling a 2ND and FINAL SELL SIGNAL after the stock was hit roughly 20% on earnings and has failed to develop any meaningful recovery. Shares are now being turned back from the 10 DMA, which has become the first level of resistance. Additional overhead resistance remains at the 200 DMA near $132.64, followed by the ROUND-$140 level and then the 50 DMA near $144.63. With significant technical damage and multiple layers of resistance overhead, we’re closing out coverage on this selection.
ULTRA Trader’s Tip: Former Support Can Become Resistance
• After a major breakdown, the 10 DMA can shift from support to the stock’s first resistance level.
• Multiple layers of overhead resistance make a meaningful recovery increasingly difficult.
• When a damaged stock repeatedly fails to recover, respect the technical evidence and move on.
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Chart services courtesy of stockcharts.com. Annotations by James Taulman.
WED 8/26: OII – Broke Below the Round-$50 – Called a 2nd Sell Signal @ $49.31 +22%
8:30 PM – Here is our latest chart update for this recent breakout from our Traditional BreakOuts Watch List.
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Chart services courtesy of stockcharts.com. Annotations by James Taulman.
We are currently reporting on this stock as an active holding and continue to monitor the stock closely for any technical SELL SIGNALS.
The focus always remains on price/volume action around key support levels, including the 10 DMA, 50 DMA, and any nearby trendline or ROUND-$ support.
WED 8/26: OII – CALLING A 2ND SELL SIGNAL @ $49.31 +22.2%
3:35 PM – Calling a 2ND SELL SIGNAL here before the close as shares continue to deteriorate technically. After recently breaking below the 10 DMA, the stock is now falling below our previously noted support at the ROUND-$50 level. That represents another technical violation under our rules.
ULTRA Trader’s Tip: One Violation Can Lead to the Next
• Losing the 10 DMA is often the first indication that short-term momentum is weakening.
• A subsequent break of another identified support level confirms that the weakness is continuing.
• Scaling out as technical violations accumulate allows you to systematically protect a substantial winner like this +22.2% gain.
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Chart services courtesy of stockcharts.com. Annotations by James Taulman.
MON 8/24: QGEN – SELLING (1/2) @ $42.12 P/L: -$266.06 -5.3%
3:27 PM – Selling half my QGEN position here as shares break below the 10 DMA while volume runs 177% above average. That combination of a key support violation and extremely heavy selling volume represents bearish technical action I cannot ignore, so I’m reducing the position here.
James’ Trader’s Tip: Heavy Volume Makes Weakness More Meaningful
• A break below the 10 DMA is already a technical warning.
• When that break occurs on dramatically increased volume, it suggests much stronger selling pressure.
• Reducing exposure quickly when price and volume both turn bearish helps keep risk under control.
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Chart services courtesy of stockcharts.com. Annotations by James Taulman.
MON 8/24: OKE – CALLING A 1ST SELL SIGNAL @ $93.33 -6.2%
3:17 PM – Calling a 1ST SELL SIGNAL as the stock has clearly broken below its 10 DMA. That loss of our key short-term support level is a technical violation and a default SELL SIGNAL under our rules.
ULTRA Trader’s Tip: Follow the Rule, Not the Emotion
• The 10 DMA is one of our primary technical guideposts.
• A clear break below that line tells us the technical condition has changed.
• Predetermined SELL rules eliminate guesswork—when the violation occurs, respect the signal.
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Chart services courtesy of stockcharts.com. Annotations by James Taulman.
MON 8/24: AIT – CALLING A 3RD SELL SIGNAL @ $338.39 +1.1%
3:14 PM – Calling a 3RD and FINAL SELL SIGNAL here before the close as shares dip into their 50 DMA support after already showing several bearish technical signs. With weakness continuing to build and major support now being tested, I’m closing out this selection under our rules.
ULTRA Trader’s Tip: Multiple Weakness Signals Add Up
• One bearish sign may be manageable, but several technical violations together deserve more attention.
• A test of the 50 DMA becomes more significant when the stock has already been showing ongoing weakness.
• When bearish evidence continues to stack up, follow the rules and reduce exposure.
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Chart services courtesy of stockcharts.com. Annotations by James Taulman.