9:47 AM – Shares remain below their 10 DMA ($116.20), which now appears to be acting as resistance. Calling a 1st SELL SIGNAL here to manage risk as momentum looks to fade.

ULTRA Trader’s Tip: When Support Turns Into Resistance

• A stock failing to reclaim its 10 DMA often signals a short-term trend reversal.

• What was once support can quickly become resistance.

• Acting early keeps you aligned with strength instead of fighting weakness.

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

 

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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.