WED 8/5: TPR – BUYING (1/3) @ $161.32

10:14 AM – Starting a 1/3 position in this Apparel-Clothing & Shoes leader from our Traditional BreakOuts Watch List as shares trade to new highs this morning on what, at the time of purchase, is above-average volume. The combination of a breakout to new highs and expanding volume gives us a technical BUY SIGNAL.

James’ Trader’s Tip: Buy Strength, Then Let It Prove Itself

  • New highs show that the stock has cleared prior price resistance.

  • Above-average volume adds confirmation that meaningful demand is supporting the breakout.

  • Starting with a 1/3 position allows the stock to prove the move before additional capital is committed.

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