TUE 2/17: CMC – CALLING A 1ST SELL SIGNAL @ $78.24 +4.6%

9:53 AM – After Friday’s sharp dip, shares remain below the 10 DMA, and that line is now starting to roll over. In addition, the stock is facing resistance at the ROUND-$80 level. That combination — weakening short-term momentum, nearby overhead resistance, and continued softness in the broader market — supports a prudent trim here of 1/3 at +4.6%.

SELL SIGNALS:
2/17 (1/3) @ $78.24 +4.6%

ULTRA Trader’s Tip: Trim When Momentum Shifts

• When price remains below the 10 DMA and that line rolls over, short-term momentum has shifted.

• Nearby round-number resistance often limits upside follow-through.

• Partial profit-taking reduces exposure while allowing flexibility.

• Discipline is about reacting early — not late.

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