FRI 2/20: POR – CALLING A BUY SIGNAL (1/3) @ $52.30

3:35 PM – Shares are advancing from the 10 DMA this afternoon and are tracking toward a close near session highs. The chart shows a steady uptrend developing from the lows reached late last year. The company announced earnings earlier this week, and while volatility followed — as expected — price recovered quickly. That type of recovery is constructive and often signals underlying demand. Today’s action reflects continued bullish sentiment, and the advance from near the 10 DMA provides a proper entry point.

BUY SIGNALS:
2/20 (1/3) @ $52.30

ULTRA Trader’s Tip: Watch How Stocks Recover from Volatility

• Post-earnings volatility is normal — quick recoveries are bullish.

• Advances from the 10 DMA offer defined risk levels.

• Closing near session highs signals buyer control.

• Proper entries come from structure, not emotion.

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