9:54 PM – This was a promising buy that unfortunately rolled over and turned into a loss. I called a BUY SIGNAL on April 28 at $14.88, followed by additional buys on April 30 ($15.05) and May 1 ($15.04), building out a full 3/3 position. The trade showed early profits, but momentum faded and shares dropped quickly on May 5 — that was the day that did us in.

After announcing earnings, DOLE took a sharp hit, but quickly bounced off the lows, showing some resilience. Still, the stock remains under pressure, and a key test lies ahead at the 50 DMA resistance near $14.34. I’ve already called two SELL SIGNALS — on May 6 at $14.72 (-1.8%) and May 9 at $14.80 (-1.3%) — exiting 2/3 of the position. The remaining shares are down -5.9%. Not the kind of performance we want to see from a swing trade.

CLICK/TAP CHART TO ZOOM
Chart services courtesy of stockcharts.com. Annotations by James Taulman.