MON 8/10: CALLING A BUY SIGNAL: CNO (1/3) @ $55.45

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. •

10:05 AM – Shares of this insurance leader are currently trading higher from the 10 DMA with an increase in volume. This is my most common BUY SIGNAL—price advancing from proven 10 DMA support with expanding volume. Calling for an initial 1/3 position here.

ULTRA Trader’s Tip: The 10 DMA Is Our Primary BUY SIGNAL

  • A stock advancing from its 10 DMA shows that short-term support is holding.

  • Increased volume adds confirmation that meaningful buying demand is behind the move.

  • Starting with a 1/3 position allows us to participate while leaving room to add as additional technical strength develops.

https://buyingbreakouts.com/mon-8-10-calling-a-buy-signal-cno-1-3-55-45/

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