MON 5/18: TRP – SELLING (ALL) P/L: +$862.86 +4.3%

12:33 PM – I’m preemptively selling all of my TRP here this afternoon as price is just starting to get extended from its 10 DMA, while today’s volume — only average at this point — does not fully support the gains. I’m taking some quick profits here and moving on, as a pullback to the 10 DMA looks possible.

ULTRA Trader’s Tip: Don’t Ignore Weak Volume

  • Stocks extending too far above the 10 DMA often need to reset.

  • Strong price advances are more trustworthy when backed by strong volume.

  • Taking profits into strength keeps capital flexible and protects gains.

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