FRI 2/27: MLM – CALLING A 1ST SELL SIGNAL @ $670.30 -2.3%

9:48 AM – Calling a 1st SELL SIGNAL here as shares are clearly breaking below the 10 DMA, and more importantly, the stock is underperforming for a swing trade. The sharp turn-back from round-$700 resistance on Wednesday was an early sign of technical weakness. When a stock fails at a key psychological level and then violates the 10 DMA, that’s a shift in short-term character.

BUY SIGNALS:
2/20 (1/3) @ $685.87

SELL SIGNALS:
2/27 (1/3) @ $670.30 -2.3%

OVERALL P/L: -2.3%

ULTRA Trader’s Tip: Underperformance Is a Clue

  • A swing trade should show relative strength quickly. When it lags, pay attention.

  • Rejection at a round-number resistance level often signals supply overhead.

  • Breaking the 10 DMA after that rejection confirms momentum deterioration — act early, not late.

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