SIBN

MON 8/31: SIBN – SELLING (ALL) @ $18.86 | P/L: -$439.68 -4.4%

James F. Taulman BB - SIDEBAR, JTPP, JTPP PERFORMANCE, PERFORMANCE, SELLING, SIBN

10:01 AM – Selling the last of my SIBN position here this morning as shares have been forming a series of lower highs and have now clearly broken below their 10 DMA support. The developing downtrend combined with the loss of our key short-term support is enough bearish technical evidence for me to exit the position completely.

James’ Trader’s Tip: Lower Highs Warn of Deteriorating Strength

  • A series of lower highs can be an early indication that a stock is beginning to trend lower.

  • A subsequent break below the 10 DMA confirms that short-term support has weakened.

  • When multiple bearish signs begin stacking up, follow the technical evidence and protect capital.

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

FRI 8/21: SIBN – BUYING (1/3) @ $19.85

James F. Taulman BB - SIDEBAR, BUYING, JTPP, SIBN

3:43 PM – Starting a 1/3 position in this Medical-Systems company as shares blast higher from the 10 DMA to new recent highs while volume runs 127% above the normal daily rate. That combination of price strength and sharply expanding volume gives us a strong technical BUY SIGNAL. A close above the ROUND-$20 level would add even more bullish technical significance to the move.

James’ Trader’s Tip: Strong Volume Adds Conviction

  • Advancing from the 10 DMA shows that key short-term support is holding.

  • New recent highs confirm improving price strength.

  • When volume expands by more than 100%, the move deserves attention because it signals unusually strong demand.

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