10:34 AM – Shares are advancing from their 10 DMA this morning with an increase in volume, signaling renewed short-term momentum. As long-time members know, moves up from the 10 DMA are my BUY SIGNAL when they occur in highly ranked, fundamentally sound stocks.’

There may be some resistance at $19.75 – $20.00. We’ll see how the stock handles that technical hurdle.

MY BUYS:
1/21 (1/3) @ $19.19

James’ Trader’s Tip: The 10 DMA Is the Trigger

• The 10 DMA defines short-term control.

• Advances from this level with volume reflect institutional participation, not random price action.

• Combining technical strength with strong ranks and fundamentals keeps the odds firmly in your favor.

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