THU 6/18: TRP – Bearish Action Continues

Latest Chart Update: TRP

9:10 PM – 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.

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

WED 6/3: TRP – Gets Turned Back From Its 10 DMA – Not Good

Latest Chart Update: TRP

9:00 PM – 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.

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

TUE 6/2: TRP – Needs to Clear Its 10 DMA at $68.71

Latest Chart Update: TRP

10:45 PM – 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.

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

FRI 5/29: TRP – CALLING A 2ND SELL SIGNAL @ $66.69 +1.5%

2:45 PM – Shares are selling off with an increase in volume following the recent loss of the 10 DMA. With no meaningful support nearby until approximately ROUND-$65 and the 50 MDA, I am calling a 2ND SELL SIGNAL here before the close.

ULTRA Trader’s Tip: Respect Volume on the Way Down

  • Selling pressure accompanied by higher volume deserves attention.

  • Once the 10 DMA is lost, downside momentum can accelerate quickly.

  • Reducing exposure as support levels disappear helps preserve gains and limit risk.

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

THU 5/28: TRP – Continued Declines After Yesterdays Called Sell Signal

Latest Chart Update: TRP

9:05 PM – 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.

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

WED 5/27: TRP – Called a Sell Signal This Morning @ $68.56 +4.4%

Latest Chart Update: TRP

8:40 PM – 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.

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

WED 5/27: TRP – CALLING A 1ST SELL SIGNAL @ $68.56 +4.4%

9:41 AM – Calling a 1ST SELL SIGNAL this morning as shares are breaking below the 10 DMA. That technical violation signals weakening short-term momentum.

ULTRA Trader’s Tip: The First Break Is the First Warning

  • Breaks below the 10 DMA are early signs momentum may be shifting.

  • Acting on initial SELL SIGNALS helps protect gains before weakness expands.

  • Good risk management is about responding early, not reacting late.

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

TUE 5/26: TRP – Pulls Back to Just Above Its 10 DMA at $68.95 – a Break Below Would Be a Sell Signal

Latest Chart Update: TRP

10:00 PM – 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.

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

WED 5/20: TRP – Bullish Gains and a Close Above the Round-$70

Latest Chart Update: TRP

9:50 PM – 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.

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

MON 5/18: TRP – SELLING (ALL) P/L: +$862.86 +4.3%

12:33 PM – I’m preemptively selling all of my TRP here this afternoon as price is just starting to get extended from its 10 DMA, while today’s volume — only average at this point — does not fully support the gains. I’m taking some quick profits here and moving on, as a pullback to the 10 DMA looks possible.

ULTRA Trader’s Tip: Don’t Ignore Weak Volume

  • Stocks extending too far above the 10 DMA often need to reset.

  • Strong price advances are more trustworthy when backed by strong volume.

  • Taking profits into strength keeps capital flexible and protects gains.

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

WED 5/13: TRP – BUYING/ADDING TO (1/3) @ $67.08

3:35 PM – I’m adding another 1/3 to my position here as shares are again trading higher from near the 10 DMA with a +29% increase in volume. That continued support and volume expansion signals ongoing demand.

NEW COST BASIS: $66.34
CURRENT POSITION: (2/3) of a full position

James’ Trader’s Tip: Add Only When Strength Continues

  • Repeated support at the 10 DMA confirms momentum remains intact.

  • Volume expansion adds conviction to the move.

  • Scaling in gradually allows the stock to earn additional capital allocation.

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

MON 5/11: TRP – BUYING (1/3) @ $65.63

3:51 PM – Shares are trading higher from the 10 DMA with a +48% increase in volume. That is bullish action and a technical BUY SIGNAL. It would be even stronger if the stock were closing near the session highs.

I’m going to start a 1/3 position here with roughly a $10K investment.

James’ Trader’s Tip: Start Small, Let the Stock Prove Itself

  • Moves from the 10 DMA with volume confirm institutional demand.

  • Starting with a 1/3 position keeps risk controlled.

  • Add only if the stock continues to confirm strength with bullish signals.

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

MON 5/11: TRP – CALLING A BUY SIGNAL (1/3) @ $65.68

3:49 PM – Shares are trading higher from the 10 DMA with a +48% increase in volume. That is bullish action and a technical BUY SIGNAL. It would be even stronger if the stock were closing near the session highs.

ULTRA Trader’s Tip: Strong Closes Matter

  • Moves from the 10 DMA with volume confirm institutional demand.

  • Stocks closing near session highs show buyers remained in control all day.

  • The stronger the close, the stronger the conviction behind the move.

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