FRI 7/10: APD – BUYING (1/3) @ $301.13

3:47 PM – Picking up a 1/3 position in APD this afternoon as the stock advances from its 10 DMA and breaks above ROUND-$300. That combination of short-term support and a move through key resistance is a technical BUY SIGNAL.

James’ Trader’s Tip: Round Numbers Can Confirm Momentum

  • Major round-number levels often act as psychological resistance.

  • Clearing that resistance while advancing from the 10 DMA strengthens the technical picture.

  • Starting with a 1/3 position allows the stock to earn additional capital through continued bullish

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