MON 3/30: LGND – SELLING (ALL) P/L: -$987.47 -9.8%

9:38 AM – Selling the entire LGND position here this morning as the stock has clearly broken below its 50 DMA. That violation signals a breakdown in the intermediate trend and warrants a full exit to protect capital.

James’ Trader’s Tip: Respect the 50 DMA Breakdown

  • The 50 DMA is a key line for institutional support.

  • Breaks below this level often lead to further downside pressure.

  • Exiting decisively helps prevent losses from compounding.

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