TUE 3/3: AZN – CALLING A 3RD SELL SIGNAL @ $198.10 +4.8%

9:57 AM – The stock is getting turned back from its 10 DMA and breaking below round-$200 support. That combination signals weakening momentum. Calling a 3rd and FINAL SELL SIGNAL here this morning against a volatile market backdrop. Being nimble in a difficult market environment is prudent, especially while booking modest gains.

BUY SIGNALS:
1/13 (1/3) @ $188.94

SELL SIGNALS:
2/11 (1/3) @ $204.19 +8.1%
2/26 (1/3) @ $203.24 +7.6%
3/3 (1/3) @ $198.10 +4.8%

OVERALL P/L: +6.8%

ULTRA Trader’s Tip: Respect Round-Number Breaks

  • Round-number levels often act as psychological support and resistance.

  • When price breaks a level like $200 while also failing at the 10 DMA, momentum is shifting.

  • Taking profits during rule violations keeps gains intact during volatile markets.

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