MON 8/31: MYE – Stock is Clearly Breaking Below its 50 DMA Support

1:05 PM – Calling a 3RD and FINAL SELL SIGNAL this afternoon as shares clearly break below their 50 DMA support while volume is on pace to finish above the daily average. That is a significant technical violation and completes all three SELL SIGNALS on this selection.

With each SELL SIGNAL locking in more than a +30% gain, MYE finishes as a clear winning ULTRA swing trade.

ULTRA Trader’s Tip: Scale Out and Protect a Big Winner

  • The 50 DMA is an important support level, and a decisive break below it is a major technical warning.

  • Scaling out through multiple SELL SIGNALS allows us to systematically protect gains as a stock weakens.

  • Completing all three SELL SIGNALS with gains above +30% shows the value of letting strength work while still respecting technical violations.

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

Most traders fail because they rely on:

❌ Opinions
❌ News headlines
❌ Lagging indicators
❌ Emotion

I focus on:

✔ Price
✔ Volume
✔ Support & Resistance
✔ Proven technical rules

That’s it.

Simple.
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Built from 25+ years of experience, this system focuses on highly ranked, fundamentally sound stocks setting up in bullish technical bases.

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James had served as Editor-in-Chief of the first independently licensed website to offer stock reports and services based on the CAN SLIM® investment system.

Since the late 1990s, he has been analyzing growth stocks and providing investor-focused research rooted in time-tested technical strategies. Over the years, James developed a strong ability to quickly and accurately identify high-ranked trading candidates using this proven approach.

He has worked with a wide range of investors — from professional money managers to individual traders — helping them apply this disciplined system in real-world markets.

James has delivered weekly market commentary as part of the “Your Money Matters” radio program, broadcast on both ABC and CBS radio networks, and for a time was a daily guest on the Investor’s Edge radio program.

Today, he is the developer and founder of U L T R A — a robust yet easy-to-use trading system built to identify and manage high-probability stock trades based on strict technical rules and real-time alerts — his most refined and accessible trading system to date.