TUE 2/10: SNN – BUYING (2/3) @ $35.36

11:51 AM – After monitoring this stock all morning, shares are now breaking above the recent high of $35.35 with volume, while also advancing from the 10 DMA — both bullish technical signals. Also, as seen on the chart below, the 10 DMA is aligned cleanly beneath price – providing defined short-term support within the current uptrend. Based on available capital and the strength of this setup, I am initiating with a 2/3 position, which is more aggressive than the standard 1/3 starter position.

MY BUYS:
2/10 (2/3) @ $35.36

James’ Trader’s Tip: When Price, Volume, and Support Align

• Breakouts above recent highs are strongest when confirmed by volume.

• A well-positioned 10 DMA beneath price provides optimum support.

• Position sizing can expand when conviction increases — but must remain controlled.

• Aggression without structure is gambling. Aggression with rules is strategy.

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