MON 12/15: FER – BUYING (2/3) @ $67.58

9:55 AM – Shares are trading to new highs this morning from their 10 DMA and on above-average volume. Three signs of technical strength. I’m buying back in with a 2/3 position.

BUY SIGNALS:
10/13 (1/3) @ $60.41
10/15 (1/3) @ $61.56
12/15 (2/3) @ $67.58

SELL SIGNALS:
10/29 @ +2.9%

NEW COST BASIS: $63.18

ULTRA Trader’s Tip: Adding Back Into Strength

    • When a stock makes new highs from the 10 DMA on volume, momentum is firmly intact.

    • Adding back into strength keeps capital aligned with leaders, not laggards.

    • Strong trends reward patience and disciplined re-entry.

*Chart shows +7.8% gain form the newly adjusted BUY PRICE. Previous % gains are from the previous BUY PRICE.

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