THU 10/9: EXTR – CALLING A NEW BUY SIGNAL (1/3) @ $21.14

3:55 PM – We had a Swing run with this stock from mid-August to late-September, ending with a FINAL SELL SIGNAL on 9/24. Calling a NEW 1/3 BUY SIGNAL this afternoon as shares trade higher from the 10 DMA with an increase in volume and close above the 50 DMA of $20.82. Breaking out of a short-term downtrend — all bullish signs. BUY SIGNAL.

ULTRA Trader’s Tip: Don’t Ignore a Stock That Rebounds with Volume

  • Former winners that reclaim key moving averages often lead the next advance.

  • A bounce from the 10 or 50 DMA with volume shows renewed institutional interest.

  • Never underestimate a stock that refuses to stay down.

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

 


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.