MON 8/24: QGEN – SELLING (1/2) @ $42.12 P/L: -$266.06 -5.3%

3:27 PM – Selling half my QGEN position here as shares break below the 10 DMA while volume runs 177% above average. That combination of a key support violation and extremely heavy selling volume represents bearish technical action I cannot ignore, so I’m reducing the position here.

James’ Trader’s Tip: Heavy Volume Makes Weakness More Meaningful

  • A break below the 10 DMA is already a technical warning.

  • When that break occurs on dramatically increased volume, it suggests much stronger selling pressure.

  • Reducing exposure quickly when price and volume both turn bearish helps keep risk under control.

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