THU 7/30: EIX – CALLING A 1ST SELL SIGNAL @ $77.84 +2.0%

10:44 AM – Calling a 1ST SELL SIGNAL this morning as shares break below the 10 DMA on increased trading volume. While this represents the first technical violation, the stock does remain in an overall uptrend with today’s intraday lows currently defining trend support. Any additional weakness from here would likely break that uptrend and trigger further defensive action.

ULTRA Trader’s Tip: Respect the First Signs of Weakness

• An initial break below the 10 DMA serves as an early warning that momentum may be changing.

• Increased volume on the decline suggests institutional selling should be monitored closely.

• Preserving flexibility with an initial sell allows you to reduce exposure while giving the stock an opportunity to recover its uptrend.

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

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James had served as Editor-in-Chief of the first independently licensed website to offer stock reports and services based on the CAN SLIM® investment system.

Since the late 1990s, he has been analyzing growth stocks and providing investor-focused research rooted in time-tested technical strategies. Over the years, James developed a strong ability to quickly and accurately identify high-ranked trading candidates using this proven approach.

He has worked with a wide range of investors — from professional money managers to individual traders — helping them apply this disciplined system in real-world markets.

James has delivered weekly market commentary as part of the “Your Money Matters” radio program, broadcast on both ABC and CBS radio networks, and for a time was a daily guest on the Investor’s Edge radio program.

Today, he is the developer and founder of U L T R A — a robust yet easy-to-use trading system built to identify and manage high-probability stock trades based on strict technical rules and real-time alerts — his most refined and accessible trading system to date.