WED 7/8: EVRG – CALLING A 1ST SELL SIGNAL @ $85.99 +0.6%

3:53 PM – The stock has clearly broken below its 10 DMA. That is a technical violation and triggers a 1ST SELL SIGNAL under our rules. Furthermore, shares are trading -1.4% with volume running +32% above average, adding significance to today’s bearish action.

ULTRA Trader’s Tip: Volume Adds Weight to the Signal

  • Breaks below the 10 DMA become more significant when accompanied by increased volume.

  • Higher selling volume suggests that larger investors may be reducing positions.

  • When both price and volume combine, the technical action deserves greater attention.

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