THU 11/20: GE – CALLING A 1ST SELL SIGNAL @ $292.23 -5.0%

3:51 PM – Shares have clearly lost their 50 DMA support and are now closing at a new short-term low. This break in character signals weakening momentum, so I’m calling a 1st SELL SIGNAL here.

SELL SIGNAL:
11/20 @ $292.23 –5.0%

ULTRA Trader’s Tip: Respect the 50 DMA

  • The 50 DMA is a key intermediate-term support level.

  • A decisive break below it often confirms a shift in trend.

  • When a stock loses this line, momentum is usually fading faster than it appears.

CLICK/TAP CHART TO ZOOM
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.