THU 8/20: ECPG – SELLING (1/2) P/L: -$249.34 -4.9%

3:44 PM – Selling half of my ECPG position here as shares gap lower and break below the 10 DMA. That loss of our key short-term support is a clear technical violation and a SELL SIGNAL under our rules.

James’ Trader’s Tip: Respect the 10 DMA

  • The 10 DMA is our primary technical indicator for identifying changes in short-term price strength.

  • A decisive break below the line signals that the stock’s technical condition is weakening.

  • Scaling out allows us to reduce risk immediately while leaving part of the position in place if the stock recovers.

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