MON 3/16: OOMA – CALLING A BUY SIGNAL (1/3) @ $13.96

3:46 PM – Shares are trading higher today from the 10 DMA with a strong increase in volume of +51%. That type of price and volume action signals clear institutional demand and supports a BUY SIGNAL here.

ULTRA Trader’s Tip: Volume Confirms the Move

  • Moves off the 10 DMA are most reliable when backed by strong volume.

  • Increased volume signals institutional participation, not random price action.

  • Combining price support with volume expansion gives higher-probability entries.

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