TUE 8/11: MYE – CALLING A 2ND SELL SIGNAL @ $32.56 +36.3%

James F. Taulman
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. •

3:44 PM – Calling a 2ND SELL SIGNAL as we head into today’s close. The stock has clearly lost its 10 DMA (blue line) and has continued to exhibit bearish technical action with a string of down days from its recent high. With a substantial +36.3% gain still intact, the continued deterioration is another signal to take additional profits and reduce exposure.

ULTRA Trader’s Tip: Protect Big Winners as Weakness Develops

  • A strong previous gain does not override current bearish technical action.

  • A string of declining sessions followed by a clear 10 DMA violation signals that momentum has changed.

  • Scaling out allows you to systematically protect profits as technical weakness develops rather than waiting for the entire gain to disappear.

https://buyingbreakouts.com/tue-8-11-mye-calling-a-2nd-sell-signal-32-56-36-3/

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