MON 5/11: TRP – CALLING A BUY SIGNAL (1/3) @ $65.68

3:49 PM – Shares are trading higher from the 10 DMA with a +48% increase in volume. That is bullish action and a technical BUY SIGNAL. It would be even stronger if the stock were closing near the session highs.

ULTRA Trader’s Tip: Strong Closes Matter

  • Moves from the 10 DMA with volume confirm institutional demand.

  • Stocks closing near session highs show buyers remained in control all day.

  • The stronger the close, the stronger the conviction behind the move.

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