FRI 4/17: POR – CALLING A 1ST SELL SIGNAL @ $52.10 -4.4%

2:01 PM – Shares have clearly lost the 50 DMA after struggling with that level all week. That repeated inability to hold support followed by a breakdown signals increasing technical weakness. Calling a 1ST SELL SIGNAL here.

ULTRA Trader’s Tip: Failed Support Leads to Breakdowns

  • When a stock repeatedly tests a level like the 50 DMA, it weakens that support.

  • A break after multiple tests often leads to accelerated downside.

  • Acting on the first clear violation helps control risk early.

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Chart services courtesy of stockcharts.com. Annotations by James Taulman.