WED 7/22: FTS – BUYING (1/3) @ $58.37

3:50 PM – Picking up a 1/3 position in this utility stock as shares advance from the 10 DMA on a 21% increase in volume. The combination of improving price action and expanding volume gives us a technical BUY SIGNAL, so I’m starting with my usual 1/3 position.

James’ Trader’s Tip: Buy Stocks Showing Institutional Demand

  • Price advances accompanied by increasing volume often indicate institutional buying.

  • Stocks moving higher from the 10 DMA frequently signal that buyers are stepping back in.

  • Strong price action supported by expanding volume provides a higher-probability technical entry.

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