3:45 PM – Was turned back from its 10 DMA line. That’s a default SELL SIGNAL under the ULTRA system as the stock shows short-term weakness.

SELL SIGNALS:
10/29 @ $62.98 +3.3%
10/30 @ $62.51 +2.5%

ULTRA Trader’s Tip: Respect Rejections at the 10 DMA

• When price trades up to  the 10 DMA and fails, it’s often a warning shot.

• Institutions stop supporting there first — that’s your cue to act.

• Following that signal early help reduce further possible losses.

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

 

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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.