WED 7/22: GLAD – CALLING A 1ST SELL SIGNAL @ $19.11 -4.9%

3:32 PM – Shares first broke below the 10 DMA and are now violating the 50 DMA, creating too much technical deterioration to ignore. With multiple technical violations continuing to stack up, I’m calling a 1ST SELL SIGNAL here.

ULTRA Trader’s Tip: Technical Weakness Often Comes in Stages

  • Technical deterioration is usually a process rather than a single event.

  • Each additional technical sign of deterioration increases the probability that the stock’s trend is changing.

  • Respect ongoing technical weakness. It is a SELL SIGNAL.

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