WED 12/3: ECO – CALLING A FINAL SELL SIGNAL @ $36.10 -3.8%

3:53 PM – The stock got turned back from its 10 DMA today. Others in the group are acting well, but ECO continues to lose short-term momentum. The call may be a bit early, but the chart is signaling weakness.

SELL SIGNALS:
11/21 @ $36.34 –3.1%
11/24 @ $36.31 –3.2%
12/3 @ $36.10 –3.8%

OVERALL P/L: –3.4%

ULTRA Trader’s Tip: Trust the Technicals

  • Early weakness near the 10 DMA often precedes deeper pullbacks.

  • When group peers act stronger, the laggard usually continues to fade.

  • Following the chart—rather than hoping—keeps your capital working efficiently.

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.