WED 3/11: MLM – CALLING A 3RD SELL SIGNAL @ $597.88 -12.8%

2:50 PM – Shares of Martin Marietta are breaking below our noted 1st support at the ROUND-$600 with an increase in volume. That is a clear technical violation and bearish signal. In addition, the stock is being turned back from its 200 DMA, and recent volume patterns have deteriorated.

Calling a 3RD and FINAL SELL SIGNAL here.

ULTRA Trader’s Tip: When Support Breaks With Volume

  • Breaks of major support levels like round numbers often accelerate selling pressure.

  • Rejections at longer-term averages such as the 200 DMA signal deeper technical weakness.

  • When multiple bearish signals appear together, the prudent move is to exit and protect capital.

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