TUE 7/28: OII – CALLING A 1ST SELL SIGNAL @ $49.55 +22.8%

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. •

10:14 AM – Calling a 1ST SELL SIGNAL this morning as shares sell off sharply on a massive 185% increase in volume. The heavy-volume decline signals strong institutional selling pressure and represents a clear change in the stock’s recent technical character.

ULTRA Trader’s Tip: Heavy Selling Volume Demands Respect

  • A sharp decline on unusually high volume often signals institutional distribution.

  • The greater the volume increase, the more significant the technical warning becomes.

  • Protecting a strong gain begins with responding when a stock’s price-and-volume action changes materially.

https://buyingbreakouts.com/tue-7-28-oii-calling-a-1st-sell-signal-49-55-22-8/

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