WED 7/8: CINF – CALLING A FINAL SELL SIGNAL @ $182.41 +7.0%

3:51 PM – Shares are slicing through their 10 DMA with volume running +24% above average and appear likely to close near the session lows. Based on that bearish price-and-volume action, I am calling a FINAL SELL SIGNAL here as we head into the close.

ULTRA Trader’s Tip: Weak Closes Can Confirm the Violation

  • A stock closing near its session lows indicates that sellers remained in control into the close.

  • Breaks below the 10 DMA carry greater significance when accompanied by increased volume.

  • When weakness persists throughout the session, respecting the technical signal helps protect accumulated profits.

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