TUE 3/3: NDSN – CALLING A 3RD SELL SIGNAL @ $284.56 +18.3%

9:49 AM – No matter the gains, we always want to be pruning technically weakening stocks first — especially in a tough market. Calling a FINAL SELL SIGNAL here as the 10 DMA has been acting as resistance. The stock is now clearly in a developing downtrend. In addition, the 50 DMA is beginning to come into play below price, which could pull shares even lower. Booking a solid win in what has been a challenging market environment.

SELL SIGNALS:
2/20 (1/3) @ $295.14 +22.7%
2/27 (1/3) @ $292.60 +21.6%
3/3 (1/3) @ $284.56 +18.3%

OVERALL P/L: +20.9%

ULTRA Trader’s Tip: Prune Weakness First

  • When the 10 DMA turns from support into resistance, the stock’s character has changed.

  • Developed downtrends often accelerate once the 50 DMA begins pulling price lower.

  • Selling weakening leaders first strengthens the overall portfolio during volatile markets.

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