10:21 AM – Following yesterday’s weakness, shares are now breaking decisively below the 50 DMA support this morning — a clear technical violation. Calling a 2ND SELL SIGNAL here to help contain losses. A decisive break of the ROUND-$30 level would trigger the FINAL SELL SIGNAL.

SELL SIGNALS:
2/11 (1/3) @ $31.44 –3.3%
2/12 (1/3) @ $30.93 –4.8%

OVERALL P/L (ON SOLD SHARES): –4.1%

ULTRA Trader’s Tip: Respect Breaks of the 50 DMA

• The 50 DMA often acts as intermediate-term support — a break below it signals deterioration.

• Acting quickly on technical violations keeps losses controlled.

• Waiting for “hope” usually increases drawdowns.

• Small, managed losses preserve capital for stronger setups.

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