TUE 7/7: TRV – CALLING A 1ST SELL SIGNAL @ $343.58 +9.7%

3:34 PM – Much like MD this morning, the stock is making a Negative Reversal — a bearish technical sign — as shares are turned back from ROUND-$350. I see this as a good opportunity to take some initial profits after a solid advance. This is swing trading.

ULTRA Trader’s Tip: Swing Trading Means Taking Profits

  • Swing trading is designed to capture meaningful short-term price moves—not every dollar of a longer-term advance.

  • Negative Reversals near resistance can provide an opportunity to reduce exposure before additional weakness develops.

  • Consistently taking partial profits helps convert successful trades into realized gains.

CLICK/TAP CHART TO ZOOM
Chart services courtesy of stockcharts.com. Annotations by James Taulman.