MON 8/17: SIG – CALLING A 2ND/FINAL SELL SIGNAL @ $88.50 -6.1%

10:04 AM – Calling a 2ND and FINAL SELL SIGNAL this morning as shares break below the 50 DMA. That loss of a major technical support level is a standard SELL SIGNAL under our rules and warrants fully closing out this selection.

ULTRA Trader’s Tip: Major Support Breaks End the Debate

  • The 50 DMA is one of the most important intermediate-term support levels we track.

  • A clear break below that line confirms that technical weakness has progressed beyond a short-term pullback.

  • When a major support level fails, follow the rule and move on.

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