FRI 1/2: NEM – CALLING A 1st SELL SIGNAL @ $99.30 +5.5%

12:02 PM – Calling a 1st profit-taking SELL SIGNAL this morning. After recently slipping below its 10 DMA, shares are now breaking below the next nearby level of support at the ROUND-$100 area. That combination signals waning momentum and justifies trimming exposure.

SELL SIGNALS:
1/2 (1/3) @ $99.30 +5.5%

ULTRA Trader’s Tip: Round Numbers Matter

  • ROUND-$ levels often act as psychological support and resistance zones.

  • When a stock breaks both the 10 DMA and a key round number, momentum typically deteriorates quickly.

  • Taking partial profits as rules break allows you to stay disciplined while protecting gains.

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