WED 8/26: DBX – BUYING (1/3) @ $35.10

10:04 AM – Picking up a 1/3 position in this Computer Software-Database stock as shares trade higher from the 10 DMA while volume is currently running 38% above average. That combination of support at the 10 DMA, advancing price, and increased volume gives me a technical BUY SIGNAL.

James’ Trader’s Tip: Volume Helps Confirm Support

  • An advance from the 10 DMA shows that buyers are defending an important short-term support level.

  • Above-average volume adds conviction to the move by showing stronger-than-normal demand.

  • When price and volume improve together, the technical setup becomes more compelling.

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