TUE 7/28: AM – CALLING A 1ST SELL SIGNAL @ $21.75 -4.0%

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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. •

3:47 PM – Calling a 1ST SELL SIGNAL here as the stock has clearly broken below its 50 DMA support and is closing near the session lows on a 27% increase in volume. The combination of a major support violation, weak closing action, and rising volume represents a meaningful deterioration in the stock’s technical condition.

ULTRA Trader’s Tip: Respect a Break of Major Support

• The 50 DMA is an important intermediate-term support level.

• A break below support carries greater significance when volume expands.

• Closing near the session lows confirms that sellers remained in control through the end of the day.

https://buyingbreakouts.com/tue-7-28-am-calling-a-1st-sell-signal-21-75-4-0/

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