THU 7/30: EIX – CALLING A 1ST SELL SIGNAL @ $77.84 +2.0%

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. •

10:44 AM – Calling a 1ST SELL SIGNAL this morning as shares break below the 10 DMA on increased trading volume. While this represents the first technical violation, the stock does remain in an overall uptrend with today’s intraday lows currently defining trend support. Any additional weakness from here would likely break that uptrend and trigger further defensive action.

ULTRA Trader’s Tip: Respect the First Signs of Weakness

• An initial break below the 10 DMA serves as an early warning that momentum may be changing.

• Increased volume on the decline suggests institutional selling should be monitored closely.

• Preserving flexibility with an initial sell allows you to reduce exposure while giving the stock an opportunity to recover its uptrend.

https://buyingbreakouts.com/thu-7-30-eix-calling-a-1st-sell-signal-77-84-2-0/

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