MON 8/24: HIPO – BUYING (1/3) @ $35.54

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. •

10:15 AM – Starting a 1/3 position in this insurance stock as shares trade higher from the 10 DMA, break above recent highs near $33.00, and do so with volume currently running 143% above average. That combination of support, breakout strength, and sharply expanding volume gives us a strong technical BUY SIGNAL.

James’ Trader’s Tip: Breakouts Are Stronger When Volume Confirms

  • Advancing from the 10 DMA shows that short-term support is holding.

  • Clearing recent highs confirms that resistance is being overcome.

  • When the breakout comes with a 143% increase in volume, the move carries significantly more technical conviction.

#HIPO #StockMarket #SwingTrading #TechnicalAnalysis #StockCharts #SupportLevels #Investing #BreakoutStocks #BuyingBreakOuts

https://buyingbreakouts.com/mon-8-24-hipo-buying-1-3-35-54/

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