TUE 10/14: PLXS – CALLING A 2ND SELL SIGNAL @ $140.16 -5.0%

3:43 PM – Gains today yet volume is off –32% as the stock runs into resistance at the ROUND-$140 level. The stock remains below the 10 DMA, which continues to roll over — showing weakening momentum. Taking another 1/3 off here.

SELL SIGNALS:
10/10 @ $134.21 –9.0%
10/14 @ $140.16 –5.0%

ULTRA Trader’s Tip: Don’t Ignore Resistance

  • Round numbers often act as natural resistance levels.

  • When volume fades as price rises into resistance, conviction is low.

  • Reduce exposure before momentum could posiibly stall completely.

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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.