THU 3/12: CRUS – CALLING A 3RD SELL SIGNAL @ $131.19 +3.3%

2:26 PM – Shares are getting turned back from the 10 DMA and are now starting to drop below the 50 DMA. A downtrend is well underway, as the 10 DMA has been acting as firm resistance since the beginning of the month. Calling a 3RD and FINAL SELL SIGNAL here.

ULTRA Trader’s Tip: When Resistance Forms at the 10 DMA

  • When the 10 DMA shifts from support to resistance, momentum has clearly weakened.

  • Breaks below the 50 DMA often confirm a developing downtrend.

  • Final exits help protect capital when multiple technical signals align.

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