3:38 PM – Calling a 1ST SELL SIGNAL as shares continue to exhibit bearish technical action after running into resistance near the previous high at the ROUND-$100 level. The stock has now developed a series of lower highs, fallen back below its 10 DMA, and appears to be developing a short-term downtrend. With multiple signs of technical weakness beginning to stack up, I’m calling the first SELL SIGNAL here.
ULTRA Trader’s Tip: Watch for a Pattern of Lower Highs
• A series of lower highs shows that buyers are becoming less aggressive with each rally attempt.
• When that pattern is accompanied by a break below the 10 DMA, the technical picture becomes increasingly bearish.
• Recognizing a developing downtrend early allows you to reduce exposure before additional technical damage occurs.
CLICK/TAP CHART TO ZOOM
Chart services courtesy of stockcharts.com. Annotations by James Taulman.
Most traders fail because they rely on:
❌ Opinions
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I focus on:
✔ Price
✔ Volume
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✔ Proven technical rules
That’s it.
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James had served as Editor-in-Chief of the first independently licensed website to offer stock reports and services based on the CAN SLIM® investment system.
Since the late 1990s, he has been analyzing growth stocks and providing investor-focused research rooted in time-tested technical strategies. Over the years, James developed a strong ability to quickly and accurately identify high-ranked trading candidates using this proven approach.
He has worked with a wide range of investors — from professional money managers to individual traders — helping them apply this disciplined system in real-world markets.
James has delivered weekly market commentary as part of the “Your Money Matters” radio program, broadcast on both ABC and CBS radio networks, and for a time was a daily guest on the Investor’s Edge radio program.
Today, he is the developer and founder of U L T R A — a robust yet easy-to-use trading system built to identify and manage high-probability stock trades based on strict technical rules and real-time alerts — his most refined and accessible trading system to date.