MON 8/3: AMRX – BUYING (1/3) @ $18.92

3:58 PM – Picking up a 1/3 starter position in this Medical-Pharmaceuticals leader as shares find support at the 10 DMA and trade higher into the close. The stock appears set to finish near the session highs while volume is running 22% above average. I consider this combination of price and volume action to be a technical BUY SIGNAL.

James’ Trader’s Tip: Strong Closes Add Conviction

  • Stocks that rebound from the 10 DMA and close near their session highs are often showing renewed buying interest.

  • Above-average volume increases confidence that institutional investors are supporting the move.

  • Starting with a 1/3 position allows you to participate while waiting for additional confirmation before committing more capital.

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