TUE 8/12: BYD – CALLING A 2ND SELL SIGNAL @ $83.30 +0.6%

3:44 PM – Gains today halted by the 10 DMA ($83.43), with volume only about average. A turn-back from here looks likely. Lightening up the position.

SELL SIGNALS:
8/1 @ $82.83 0.0%
8/12 @ $83.30 +0.6%

An ULTRA Trader’s Tip: The 10 DMA as Resistance

  • When price trades below the 10 DMA, that line can shift from support to resistance.
  • This resistance is often more immediate than the 50 DMA, signaling short-term headwinds.
  • Failure to reclaim the 10 DMA suggests momentum is fading and can be an early exit signal.

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

 


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.