THU 7/30: AM – CALLING A 2ND / FINAL SELL SIGNAL @ $21.36 -5.7%

J
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. •

10:39 AM – Calling a 2ND and FINAL SELL SIGNAL as the stock continues to trade below its 50 DMA and displays persistent technical weakness. The failure to reclaim this key support level confirms the deterioration in the stock’s technical condition coupled with the near -6% decline warrants completing the exit.

ULTRA Trader’s Tip: Do Not Wait for Weakness to Become Worse

• Continued trading below the 50 DMA confirms that an important support level has been lost.

• A stock’s failure to recover after a major technical violation is often a signal to reduce the remaining exposure.

• Completing the exit protects capital and keeps losses from becoming more difficult to manage.

https://buyingbreakouts.com/thu-7-30-am-calling-a-2nd-final-sell-signal-21-36-5-7/

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