3:55 PM – Calling a first (1/3) SELL SIGNAL here as price is clearly breaking and closing below the 10 DMA of $86.24. As of today’s close the stock remains on a longer-term uptrend. Any further declines would be breaking that uptrend and would result in another technical SELL SIGNAL.

SELL SIGNAL:
10/9 @ $85.16 -1.2%

ULTRA Trader’s Tip: Don’t Ignore Technical Weakness

• When a stock starts slipping below its 10 DMA, it’s an early warning that short-term momentum is fading.

• Staying disciplined here keeps small losses from turning into big ones.

• The best traders respect technical breaks — they don’t rationalize them.

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.