THU 3/5: GIL – CALLING A 3RD SELL SIGNAL @ $65.01 -0.8%

2:26 PM – This stock never recovered from its earnings selloff. As we often say, when there is an earnings selloff, the stock must recover quickly to maintain leadership. That has not been the case with GIL. It’s a shame that we missed out on some once solid gains. The continued failure to regain momentum confirms underlying weakness. Calling a 3RD and FINAL SELL SIGNAL here.

BUY SIGNALS:
1/21 (1/3) @ $65.54

SELL SIGNALS:
1/28 (1/3) @ $64.59 -1.4%
3/3 (1/3) @ $65.81 +0.4%
3/5 (1/3) @ $65.01 -0.8%

OVERALL P/L: -0.6%

ULTRA Trader’s Tip: Earnings Reactions Set the Tone

  • After an earnings selloff, strong stocks should recover quickly.

  • Failure to rebound signals underlying distribution.

  • Exiting laggards early keeps capital available for stronger opportunities.

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