THU 7/30: CNP – CALLING A 3RD SELL SIGNAL @ $42.13 -5.5%

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. •

11:06 AM – Calling a 3RD and FINAL SELL SIGNAL this morning after shares briefly reclaimed the 50 DMA yesterday but have now clearly lost that support. As noted yesterday, any further decline below this key level would represent an additional technical violation and trigger the final exit.

ULTRA Trader’s Tip: Failed Recoveries Often Confirm Weakness

• Reclaiming the 50 DMA is only constructive if the stock can hold above it.

• A quick reversal back below major support signals that the recovery attempt has failed.

• Completing the exit after a failed recovery helps prevent a manageable loss from becoming more damaging.

https://buyingbreakouts.com/thu-7-30-cnp-calling-a-3rd-sell-signal-42-13-5-5/

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