TUE 1/6: UGI – FINAL PROFIT TAKING SELL SIGNAL @ $37.48 +9.91%

9:57 AM – The 10 DMA is clearly acting as firm resistance and has begun to roll over. That confirms waning momentum and justifies calling a 3RD and FINAL PROFIT-TAKING SELL SIGNAL this morning, closing the position.

SELL SIGNALS:
11/24 (1/3) @ $37.56 +10.1%
12/4 (1/3) @ $37.40 +9.7%
1/6 (1/3) @ $37.48 +9.91%

OVERALL PROFIT: +9.9%

ULTRA Trader’s Tip: Resistance Ends Trades

  • When the 10 DMA flips from support to resistance, momentum has changed.

  • Multiple failures at a declining 10 DMA are a signal to finish the trade, not debate it.

  • Locking in gains on rule breaks preserves both capital and confidence.

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