THU 12/11: EXTR – CALLING A FINAL SELL SIGNAL (1/3) @ $17.50 -17.2%

3:48 PM – Stock has been struggling to recover from a sharp earnings sell-off. After developing an uptrend from support at the 200 DMA, it pulled back sharply today from a price area of resistance with an increase in volume. Too much bearish technical action.

SELL SIGNALS:
10/10 (1/3) @ $19.57 –7.4%
10/14 (1/3) @ $19.91 –5.8%
12/11 (FINAL 1/3) @ $17.50 –17.2%

OVERALL P/L:  –10.2%

ULTRA Trader’s Tip: Weak Stocks Cost You Twice

    • A stock that cannot recover from an earnings sell-off often signals fading institutional support.

    • Repeated failures at resistance confirm the absence of demand and increase risk.

    • Exiting laggards frees capital for stronger setups where momentum is truly building.

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