MON 8/10: MCK – BUYING (1/3) @ $892.55

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. •

9:58 AM – Initiating a 1/3 position in this Medical-Distribution leader as shares trade higher from the 10 DMA on what is currently running at approximately twice normal daily trading volume. The combination of support at the 10 DMA, advancing price, and sharply increased volume represents the type of bullish technical action I consider a BUY SIGNAL.

James’ Trader’s Tip: Volume Adds Conviction to a Move

  • A stock advancing from the 10 DMA shows that this key technical level is acting as support.

  • When that move occurs on sharply increased volume, it signals stronger-than-normal buying demand.

  • Price strength combined with expanding volume provides greater confirmation than price movement alone.

https://buyingbreakouts.com/mon-8-10-mck-buying-1-3-892-55/

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