FRI 8/21: GPN – SELLING (ALL) P/L: +$840.87 +16.6%

3:55 PM – Selling the remainder of my GPN position as we head into the close. Shares are trading higher this afternoon, but volume is running below average, which takes some conviction out of the move. With a solid +16.6% gain still intact, I’m locking in the rest of the profit and moving on.

James’ Trader’s Tip: Price Strength Is Better When Volume Confirms It

  • A stock can move higher on light volume, but the move carries less technical conviction.

  • When volume fails to confirm a price advance, it can be a good opportunity to protect profits.

  • Strong gains are worth protecting—especially when the technical evidence begins to lose some strength.

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