3:39 PM – The 50 DMA appears to be acting as resistance here. Calling a 2nd SELL SIGNAL to lighten the position and protect gains while momentum remains uncertain.

ULTRA Trader’s Tip: Respect the 50 DMA Rejection

• When a stock rallies into the 50 DMA and reverses, it often confirms that sellers are still in control.

• Lightening up at resistance helps preserve capital and confidence.

• Always let the chart tell you when strength is fading.

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

 

---

James had served as Editor-in-Chief of the first independently licensed website to offer stock reports and services based on the CAN SLIM® investment system.

Since the late 1990s, he has been analyzing growth stocks and providing investor-focused research rooted in time-tested technical strategies. Over the years, James developed a strong ability to quickly and accurately identify high-ranked trading candidates using this proven approach.

He has worked with a wide range of investors — from professional money managers to individual traders — helping them apply this disciplined system in real-world markets.

James has delivered weekly market commentary as part of the “Your Money Matters” radio program, broadcast on both ABC and CBS radio networks, and for a time was a daily guest on the Investor’s Edge radio program.

Today, he is the developer and founder of U L T R A — a robust yet easy-to-use trading system built to identify and manage high-probability stock trades based on strict technical rules and real-time alerts.