WED 7/15: LGND – CALLING A 3RD SELL SIGNAL @ $295.43 +38.7%

3:30 PM – Shares have now broken below the previously identified ROUND-$300 support level, adding another significant technical violation. With support failing and technical weakness continuing to build, I’m calling a 3RD and FINAL SELL SIGNAL on this profitable trade.

ULTRA Trader’s Tip: Every Trend Eventually Ends

• Even the strongest winning stocks eventually begin to show signs of technical deterioration.

• Selling into confirmed weakness helps preserve gains earned during the uptrend.

• Don’t let a profitable trade turn into a disappointing one by ignoring multiple SELL SIGNALS.

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