THU 1/8: SCCO – CALLING A BUY SIGNAL (1/3) @ $160.00

3:54 PM – Shares are trading higher this afternoon, extending gains from their 10 DMA on more than twice normal volume. Momentum is firm, demand is evident, and with virtually no nearby resistance, the path of least resistance remains higher. Strong group action supports the move.

BUY SIGNALS:
1/8 (1/3) @ $160.00

ULTRA Trader’s Tip: Volume Clears the Path

  • Sustained moves from the 10 DMA with heavy volume often reflect institutional accumulation.

  • When resistance is limited, strong stocks can move faster than expected.

  • Focus on price, volume, and group strength — those three together create the highest-probability entries.

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