TUE 3/3: MOV – CALLING A 2ND SELL SIGNAL @ $24.05 -5.4%

9:51 AM – Shares are making new lows today and the 10 DMA is just beginning to roll over. That signals weakening short-term momentum and the early stages of a developing downtrend. When a stock begins losing support and fails to stabilize, risk increases quickly. Calling a 2ND SELL SIGNAL here.

BUY SIGNALS:
2/20 (1/3) @ $25.43

SELL SIGNALS:
3/2 (1/3) @ $24.34 -4.3%
3/3 (1/3) @ $24.05 -5.4%

OVERALL P/L: -4.9%

ULTRA Trader’s Tip: Downtrends Start Small

  • A rolling 10 DMA is often the first sign that momentum is fading.

  • New lows following a support break confirm developing technical weakness.

  • Scaling out early keeps losses controlled before a downtrend accelerates.

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