FRI 10/31: LGND – BUYING (2/3) @ $189.92

11:26 AM – Spotted LGND advancing from its 10 DMA during my morning screens. I’m continuously scanning for high-ranked, fundamentally sound stocks setting up in bullish technical phases, and this one fit the criteria perfectly.

Shares moved higher from the 10 DMA with a strong increase in volume, confirming fresh institutional interest. By the close Friday, volume had surged to more than twice the normal daily rate as the stock finished at a new all-time high — a powerful sign of strength and technical control.

ULTRA Trader’s Tip: Buying From the 10 DMA with Volume

  • The 10-day moving average is the heartbeat of short-term momentum.

  • When a stock advances from this line with conviction and strong volume, it often signals fresh institutional demand.

  • Buying near the 10 DMA keeps risk tight and rewards disciplined entries.

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.