TUE 7/14: MD – CALLING A 2ND SELL SIGNAL @ $24.36 -0.4%

3:35 PM – Calling a 2ND SELL SIGNAL this afternoon as shares gapped down this morning, failed to recover, and appear set to close near the session lows. That inability to rebound reinforces the stock’s ongoing technical weakness.

ULTRA Trader’s Tip: Weak Closes Deserve Attention

  • A stock closing near its session lows shows that sellers remained in control throughout the day.

  • Failure to recover after a gap down often confirms that buying support is weakening.

  • Respect persistent weakness when a stock cannot regain lost ground.

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