THU 8/14: SELLING: HROW (ALL) P/L: +$1,721.90 +8.6%

3:35 PM – Locking in quick 2-day profits as shares become extended from the 10 DMA (albeit on good volume) and approach resistance at the ROUND-$40 level.

BUY DATES:

8/13 @ $36.97

8/14 @ $37.36

AVG BUY PRICE: $37.17

P/L%: +8.6%

An ULTRA Trader’s Tip: Respect Resistance Levels

  • The round-number effect often acts as psychological resistance for traders and investors.
  • Taking profits before or near these levels can protect gains from sharp reversals.
  • Pair resistance analysis with support levels and volume trends for higher-accuracy exit timing.

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

 


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.