MON 2/23: RBC – CALLING A 2ND BUY SIGNAL (1/3) @ $561.67

1:24 PM – Calling another BUY SIGNAL here for our Swing Traders who follow the rules. After the sharp earnings-driven advance, the stock consolidated, allowing the 10 DMA to catch up and “get in line.” This afternoon, shares are advancing from the 10 DMA on a +23% increase in daily volume. That combination — strength from defined support with expanding participation — is always a BUY SIGNAL for very highly ranked stocks with solid fundamentals.

BUY SIGNALS:
2/4 (2/3) @ $520.25
2/23 (1/3) @ $561.67

NEW COST BASIS: $540.96

ULTRA Trader’s Tip: The 10 DMA Is the Trigger Line

• Strong stocks often pause to let the 10 DMA realign beneath price.

• Advances from the 10 DMA on rising volume confirm renewed institutional demand.

• Consolidation after earnings is healthy if support holds.

• Following rules consistently is what separates traders from guessers.

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