WED 6/17: WPC – CALLING A 3RD SELL SIGNAL @ $72.31 -3.7%

3:47 PM – Calling a 3RD and FINAL SELL SIGNAL this afternoon as shares continue to sell off sharply on elevated volume. The stock’s inability to find support and the increase in selling pressure point to continued technical deterioration.

ULTRA Trader’s Tip: Volume Confirms the Message

  • Price declines accompanied by heavy volume carry more significance than declines on light volume.

  • Increased volume suggests institutional investors may be exiting positions.

  • When price and volume align negatively, it is usually best to respect the signal and move on.

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