WED 10/29: PLXS – CALLING A FINAL SELL SIGNAL @ $139.47 -5.4%

3:58 PM – Broke below the 50 DMA and the ROUND-$140 level. Momentum clearly fading. Calling a FINAL SELL SIGNAL to fully exit the position.

SELL SIGNALS:
10/10 @ $134.21 -9.0%
10/14 @ $140.16 -5.0%
10/29 @ $139.47 -5.4%

ULTRA Trader’s Tip: When Key Levels Crack, Don’t Hesitate

  • Round-number and 50 DMA breaks often confirm a shift in control.

  • Institutions defend these levels — when they stop, downside opens fast.

  • Selling on the break protects profits and avoids deeper drawdowns.

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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.