TUE 1/20: TPR – CALLING A 2ND PROFIT TAKING SELL SIGNAL @ $129.25 +8.9%

3:47 PM – After closing below the 10 DMA on Friday, shares rallied back to that level this morning but were quickly turned back. Turnbacks from the 10 DMA are SELL SIGNALS, confirming continued short-term weakness and justifying further profit-taking.

SELL SIGNALS:
1/16 (1/3) @ $131.15 +10.5%
1/20 (1/3) @ $129.25 +8.9%

OVERALL P/L: +9.7%

James’ Trader’s Tip: The 10 DMA Is the Decision Line

  • A rally into the 10 DMA that fails is not strength — it’s resistance.

  • Repeated turnbacks confirm momentum has shifted.

  • Scaling out as rules fail protects gains and keeps capital positioned for the next opportunity.

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