FRI 8/28: DSGX – BUYING (1/3) @ $81.38

James F. Taulman
James F. Taulman
James had served as Editor-in-Chief of the first independently licensed website to offer stock reports and services based on the CAN SLIM® investment system. •

3:40 PM – Starting a 1/3 position in this Computer Software-Specialty Enterprise company as shares shoot higher from near the 10 DMA and look to be closing at a new recent high above $81.00 with a solid increase in volume. The combination of support at the 10 DMA, a move to new recent highs, and increased volume gives me a technical BUY SIGNAL.

James’ Trader’s Tip: Strength Should Be Confirmed by Volume

  • An advance from near the 10 DMA shows that important short-term support is holding.

  • Moving into new recent highs demonstrates improving price strength.

  • Increased volume adds conviction by showing stronger demand behind the move.

https://buyingbreakouts.com/fri-8-28-dsgx-buying-1-3-81-38/

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