MON 5/11: FIVE – CALLING A 2ND SELL SIGNAL @ $209.04 -12.8%

2:44 PM – The stock is triggering a 2ND SELL SIGNAL here as it is:
(1) selling off,
(2) on an increase in volume,
(3) breaking down from a 7-month uptrend,
(4) trading below recent lows, and
(5) appears likely to close near the session lows.

These are all clear signs of technical weakness and important technical violations — especially when stacked together — which fully warrant this SELL SIGNAL call.

ULTRA Trader’s Tip: Stacked Violations Increase Risk

  • One technical violation can be manageable — multiple violations are different.

  • Breaks of trendlines, support, and recent lows together confirm deterioration.

  • When weakness compounds, reducing exposure quickly is the disciplined move.

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