FRI 8/21: SIBN – BUYING (1/3) @ $19.85

3:43 PM – Starting a 1/3 position in this Medical-Systems company as shares blast higher from the 10 DMA to new recent highs while volume runs 127% above the normal daily rate. That combination of price strength and sharply expanding volume gives us a strong technical BUY SIGNAL. A close above the ROUND-$20 level would add even more bullish technical significance to the move.

James’ Trader’s Tip: Strong Volume Adds Conviction

  • Advancing from the 10 DMA shows that key short-term support is holding.

  • New recent highs confirm improving price strength.

  • When volume expands by more than 100%, the move deserves attention because it signals unusually strong demand.

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