WED 8/19: AIT – CALLING A 2ND SELL SIGNAL @ $348.87 +4.2%

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. •

3:36 PM – Calling a 2ND SELL SIGNAL as shares break below our noted 1st SUPPORT at the ROUND-$350 level and appear set to close near the session lows. The next significant support is the 50 DMA, currently at $338.46, approximately 2.3% below the current price. A break of that level would represent another significant technical violation.

ULTRA Trader’s Tip: Support Levels Give Us a Roadmap

  • Identifying support levels in advance removes guesswork when a stock begins weakening.

  • When one level fails, immediately know where the next important technical support lies.

  • If weakness continues and the next major support level also breaks, that provides additional evidence to reduce exposure.

https://buyingbreakouts.com/wed-8-19-ait-calling-a-2nd-sell-signal-348-87-4-2/

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