WED 12/31: IBP – CALLING A 2ND SELL SIGNAL @ $259.96 -7.2%

11:40 AM – Calling a 2ND SELL SIGNAL this morning as shares break below their key 50 DMA support level at $261.58. That violation confirms continued technical deterioration and justifies further risk reduction.

SELL SIGNALS:
12/16 (1/3) @ $264.92 –5.5%
12/31 (1/3) @ $259.96 –7.2%

OVERALL P/L: –6.4%

ULTRA Trader’s Tip: The 50 DMA Is a Line in the Sand

  • The 50 DMA represents intermediate-term institutional support.

  • Breaks below this level often signal a shift in trend, not just noise.

  • Scaling out as support fails keeps losses manageable and capital ready for stronger setups.

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