MON 8/31: PH – CALLING A 2ND/FINAL SELL SIGNAL @ $985.22 -1.9%

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. •

10:11 AM – Calling a 2ND and FINAL SELL SIGNAL here this morning as shares clearly break below their 50 DMA support. As noted on Friday, a break below the 50 DMA would trigger another SELL SIGNAL. That technical violation has now occurred, closing out the selection under our rules.

ULTRA Trader’s Tip: Major Support Breaks Require Action

  • The 50 DMA is an important intermediate-term support level and a key line we monitor closely.

  • Identifying the SELL level in advance removes emotion from the decision when that level is eventually broken.

  • When the stock triggers the predetermined rule, follow the signal and move on.

https://buyingbreakouts.com/mon-8-31-ph-calling-a-2nd-final-sell-signal-985-22-1-9/

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