THU 12/4: ASTE – BUYING (1/3) @ $46.49

3:45 PM – Making gains above the 50 DMA and breaking out of a downtrend with volume conviction of +83% — bullish technical signs that justify a BUY SIGNAL. The stock has very high ranks, is in a great group, and the company has decent fundamentals.

BUY SIGNALS:
12/4 – 1/3 @ $46.49

ULTRA Trader’s Tip: Respect Trend Shifts

  • A break above the 50 DMA often signals a change in character toward accumulation.

  • Downtrend breaks with rising volume can mark the early stage of a new move.

  • Buying as momentum turns helps position you ahead of potential leadership.

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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.