10:01 AM – Selling the last of my SIBN position here this morning as shares have been forming a series of lower highs and have now clearly broken below their 10 DMA support. The developing downtrend combined with the loss of our key short-term support is enough bearish technical evidence for me to exit the position completely.
James’ Trader’s Tip: Lower Highs Warn of Deteriorating Strength
• A series of lower highs can be an early indication that a stock is beginning to trend lower.
• A subsequent break below the 10 DMA confirms that short-term support has weakened.
• When multiple bearish signs begin stacking up, follow the technical evidence and protect capital.
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Chart services courtesy of stockcharts.com. Annotations by James Taulman.
Most traders fail because they rely on:
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I focus on:
✔ Price
✔ Volume
✔ Support & Resistance
✔ Proven technical rules
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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.