MON 6/9: LOPE – Drops to the 50 DMA Support After a Noted SELL SIGNAL Last Week

1:50 PM – The stock experienced a sharp selloff this morning down to the 50-day moving average, as the 10-day ($195.01) turned into resistance. I already called a SELL SIGNAL last week at $190.81, when shares first breached the 10 DMA. A break below the 50 DMA, currently at $184.47, would be another SELL SIGNAL.