MON 8/31: SIBN – SELLING (ALL) @ $18.86 | P/L: -$439.68 -4.4%

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. •

10:01 AM – Selling the last of my SIBN position here this morning as shares have been forming a series of lower highs and have now clearly broken below their 10 DMA support. The developing downtrend combined with the loss of our key short-term support is enough bearish technical evidence for me to exit the position completely.

James’ Trader’s Tip: Lower Highs Warn of Deteriorating Strength

  • A series of lower highs can be an early indication that a stock is beginning to trend lower.

  • A subsequent break below the 10 DMA confirms that short-term support has weakened.

  • When multiple bearish signs begin stacking up, follow the technical evidence and protect capital.

https://buyingbreakouts.com/mon-8-31-sibn-selling-all-18-86-p-l-439-68-4-4/

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