MON 8/24: AIT – CALLING A 3RD SELL SIGNAL @ $338.39 +1.1%

3:14 PM – Calling a 3RD and FINAL SELL SIGNAL here before the close as shares dip into their 50 DMA support after already showing several bearish technical signs. With weakness continuing to build and major support now being tested, I’m closing out this selection under our rules.

ULTRA Trader’s Tip: Multiple Weakness Signals Add Up

  • One bearish sign may be manageable, but several technical violations together deserve more attention.

  • A test of the 50 DMA becomes more significant when the stock has already been showing ongoing weakness.

  • When bearish evidence continues to stack up, follow the rules and reduce exposure.

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