WED 7/22: GLAD – SELLING (ALL) P/L: -$470.60 -4.7%

3:34 PM – Selling my entire GLAD position this afternoon after several days of continued weakness. Shares first broke below the 10 DMA and are now violating the 50 DMA, creating too much technical deterioration to ignore. With multiple violations stacking up, I’m taking the loss and moving on.

James’ Trader’s Tip: Respect Stacked Technical Violations

  • One technical violation is a warning; multiple violations confirm that weakness is increasing.

  • A break below both the 10 DMA and 50 DMA shows deterioration in the short- and intermediate-term trends.

  • When bearish signals continue to accumulate, protecting capital becomes the priority.

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