MON 6/8: MYE – BUYING (1/3) @ $24.79

3:31 PM – Buying a 1/3 stake in MYE as the stock has just broken out to new all-time highs on volume running at roughly twice the normal rate. That combination of price and volume strength is a powerful technical BUY SIGNAL.

ULTRA Trader’s Tip: New Highs Are a Sign of Strength

  • Stocks making new all-time highs have no overhead resistance from prior buyers.

  • Heavy volume suggests institutions are actively accumulating shares.

  • The strongest stocks often look expensive before they move even higher.

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