TUE 5/12: IVZ – SELLING (ALL) P/L: +$1,749.70 +8.7%

3:44 PM – I’m selling all of my IVZ here as shares are beginning to get extended from the 10 DMA and appear likely to pull back and retest that level. In the meantime, I would rather free up this capital to redeploy into other opportunities, including my recent BUYS in TRP and PRLB.

ULTRA Trader’s Tip: Rotate Capital Efficiently

  • Stocks extended too far above the 10 DMA often pull back to reset.

  • Taking profits into strength helps preserve gains.

  • Capital should constantly be evaluated and directed toward the strongest opportunities.

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