TUE 6/9: MGA – CALLING A 3RD SELL SIGNAL @ $66.13 +8.8%

3:38 PM – The stock is clearly breaking below the 10 DMA. After recent signs of weakening momentum, a downtrend may now be developing. I’m calling a 3RD and FINAL SELL SIGNAL here this afternoon.

ULTRA Trader’s Tip: Trends Deserve Respect

  • Strong stocks typically hold above their 10 DMA during sustained advances.

  • Repeated breaks of support often signal a shift from accumulation to distribution.

  • The goal is to capture the bulk of a move, not hold through the entire reversal.

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