MON 8/31: MYE – Stock is Clearly Breaking Below its 50 DMA Support

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. •

1:05 PM – Calling a 3RD and FINAL SELL SIGNAL this afternoon as shares clearly break below their 50 DMA support while volume is on pace to finish above the daily average. That is a significant technical violation and completes all three SELL SIGNALS on this selection.

With each SELL SIGNAL locking in more than a +30% gain, MYE finishes as a clear winning ULTRA swing trade.

ULTRA Trader’s Tip: Scale Out and Protect a Big Winner

  • The 50 DMA is an important support level, and a decisive break below it is a major technical warning.

  • Scaling out through multiple SELL SIGNALS allows us to systematically protect gains as a stock weakens.

  • Completing all three SELL SIGNALS with gains above +30% shows the value of letting strength work while still respecting technical violations.

https://buyingbreakouts.com/mon-8-31-mye-stock-is-clearly-breaking-below-its-50-dma-support/

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