TUE 3/3: CRUS – CALLING A 2ND SELL SIGNAL @ $138.22 +8.8%

3:28 PM – Shares are getting turned back from the 10 DMA and are clearly breaking support at the round-$140 level as the 10 DMA begins to roll over. Those are bearish technical developments that signal weakening momentum. Calling a 2ND SELL SIGNAL here while the stock is still holding a solid gain.

BUY SIGNALS:
1/14 (1/3) @ $127.00

SELL SIGNALS:
2/4 (1/3) @ $136.86 +7.8%
3/3 (1/3) @ $138.22 +8.8%

OVERALL P/L: +8.3%

ULTRA Trader’s Tip: Rejection at the 10 DMA Matters

  • When a stock is rejected at the 10 DMA, short-term momentum is weakening.

  • Breaks of round-number support often accelerate selling pressure.

  • Scaling out during early technical deterioration helps preserve gains.

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