WED 8/19: CNO – CALLING A 1ST SELL SIGNAL @ $53.94 -2.7%

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. •

9:37 AM – Calling a 1ST SELL SIGNAL this morning as shares sell off on increased volume and clearly lose support at the 10 DMA. That combination of declining price, expanding volume, and a break of our primary technical support level represents a standard SELL SIGNAL under our rules.

ULTRA Trader’s Tip: Price and Volume Should Confirm Each Other

  • A break below the 10 DMA is an important technical warning.

  • When that break occurs with increased selling volume, the violation carries greater significance.

  • Responding to weakness early helps keep a manageable loss from developing into something larger.

https://buyingbreakouts.com/wed-8-19-cno-calling-a-1st-sell-signal-53-94-2-7/

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