THU 2/26: RBC – BUYING/ADDING TO (1/3) @ $570.83

1:35 PM – Shares of RBC made a morning dip to their 10 DMA, found support, and are now breaking out of a very short-term range on above-average volume. By now you know, I like those types of moves off the 10 DMA. That is constructive price action. I consider this a bullish signal and therefore a BUY/ADD. I am picking up my second 1/3 position here. The stock carries strong overall ranks, and the company has a solid fundamental history, with annual earnings growing steadily since 2021.

NEW BUYS: 
2/23 (1/3) @ $563.51
2/26 (1/3) @ $570.83

COST BASIS: $567.17

PREVIOUS BUYS:
2/4 (2/3) @ $520.25

PREVIOUS SELLS: 
2/9 (ALL) +$603.30 +5.8%

James’ Trader’s Tip: Buying From the 10 DMA with Volume

  • The 10 DMA is the heartbeat of our trading system.

  • When a stock dips to that line, holds, and then advances on expanding volume, institutions are likely stepping in.

  • Buying near the 10 DMA keeps risk tight and aligns you with short-term momentum before a breakout becomes extended.

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