WED 2/4: SCCO – CALLING A 2ND SELL SIGNAL @ $203.90 +27.4%

10:04 AM – Shares are selling off sharply on a significant increase in volume, signaling distribution. I’m calling a 2ND SELL SIGNAL here to lock in additional gains, while keeping the final 1/3 position intact unless the stock breaks below the 10 DMA, currently at $194.46.

SELL SIGNALS:
1/13 (1/3) @ $174.70 +9.2%
2/4 (1/3) @ $203.90 +27.4%

OVERALL P/L (ON SOLD SHARES): +18.3%

ULTRA Trader’s Tip: Volume Dictates Urgency

  • Sharp sell-offs on heavy volume reflect real distribution.

  • Scaling out during volatility preserves gains without forcing a full exit.

  • The final tranche stays only as long as trend rules remain intact.

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