MON 2/23: CMC – CALLING A 3RD SELL SIGNAL @ $74.56 -0.4%

10:21 AM – Shares are now breaking below the 50 DMA while the 10 DMA has already clearly rolled over. That combination confirms a deterioration in both short-term momentum and intermediate support. Calling a 3RD and FINAL SELL SIGNAL here.

SELL SIGNALS:
2/17 (1/3) @ $78.24 +4.6%
2/19 (1/3) @ $77.63 +3.7%
2/23 (1/3) @ $74.56 -0.4%

OVERALL P/L: +2.6%

ULTRA Trader’s Tip: When the 10 DMA Rolls Over and the 50 DMA Breaks

• A rolling-over 10 DMA signals weakening momentum.

• A break below the 50 DMA confirms broader technical damage.

• Multiple sell signals remove uncertainty.

• Protecting capital is always more important than squeezing out the last percent.

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