WED 1/21: MRCY – CALLING A BUY SIGNAL (1/3) @ $98.64

1/21 WED: MRCY – CALLING A BUY SIGNAL (1/3) @ $98.64

10:34 AM – After a tough session yesterday along with the broader market, shares are advancing from their 10 DMA today with an increase in volume, signaling renewed short-term momentum. That action qualifies as a BUY SIGNAL. A break back below the 10 DMA at $96.30 would be a SELL SIGNAL.

BUY SIGNALS:
1/21 (1/3) @ $98.64

ULTRA Trader’s Tip: Define Risk at Entry

  • The 10 DMA is both the entry trigger and the risk line.

  • Buying strength from support works best when the exit rule is clear in advance.

  • Well-defined risk allows you to act decisively without hesitation.

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