MON 5/18: JCI – CALLING A 1ST SELL SIGNAL @ $137.37 -5.6%

3:29 PM – The stock is closing below its 50 DMA after selling off -4% today on a +37% increase in volume. Breaks of the 50 DMA are technical violations and clear SELL SIGNALS under our rules.

ULTRA Trader’s Tip: Volume Gives the Breakdown Meaning

  • Breaks below the 50 DMA signal weakening institutional support.

  • Heavy volume confirms the selling pressure is significant.

  • Acting on early violations helps prevent manageable losses from becoming larger ones.

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