MON 11/17: LGND – BUYING/ADDING (1/3) @ $205.77

10:02 AM – Shares are advancing cleanly off the 10 DMA with a noticeable pickup in volume following an orderly pullback. This is classic constructive action — exactly the type of tight, disciplined rebound I look for when adding to a position.

BUY SIGNALS:
10/31 (2/3) @ $189.92
11/17 (1/3) @ $205.77

SELL SIGNALS:
11/5 (1/2) @ $190.78 +0.5%

NEW COST BASIS: $197.54

ULTRA Trader’s Tip: Buying From the 10 DMA with Volume

  • The 10 DMA is the heartbeat of short-term momentum.

  • Strong volume from this line often signals renewed institutional demand.

  • Buying near the 10 DMA keeps risk tight and rewards disciplined entries.

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

 


James had served as Editor-in-Chief of the first independently licensed website to offer stock reports and services based on the CAN SLIM® investment system.

Since the late 1990s, he has been analyzing growth stocks and providing investor-focused research rooted in time-tested technical strategies. Over the years, James developed a strong ability to quickly and accurately identify high-ranked trading candidates using this proven approach.

He has worked with a wide range of investors — from professional money managers to individual traders — helping them apply this disciplined system in real-world markets.

James has delivered weekly market commentary as part of the “Your Money Matters” radio program, broadcast on both ABC and CBS radio networks, and for a time was a daily guest on the Investor’s Edge radio program.

Today, he is the developer and founder of U L T R A — a robust yet easy-to-use trading system built to identify and manage high-probability stock trades based on strict technical rules and real-time alerts.