TUE 8/12: ULS – CALLING A 1ST SELL SIGNAL @ $66.40 -6.1%

9:49 AM – After being turned back from the 10 DMA, shares continue lower this morning with an increase in trading volume.

SELL SIGNALS:

8/12 @ $66.40 -6.1%

An ULTRA Trader’s Tip: After breaking below the 10 DMA, then trading back up only to get “turned back” is common in weaker stocks — a sign of weakness and a another sell signal.

  • This pattern often shows the 10 DMA flipping from support to resistance.
  • It confirms sellers are active and short-term momentum is against the trade.
  • Acting on this signal can protect capital and free it for stronger setups.

CLICK/TAP CHART TO ZOOM
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.