WED 8/19: QGEN – BUYING (1/3) @ $44.49

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. •

3:55 PM – Starting a 1/3 position in this Medical-Products leader as shares advance from near the 10 DMA on an 80% increase in volume. The stock is also breaking above some recent previous highs, adding further bullish technical confirmation. A decisive move above the ROUND-$45 level would be even more constructive.

James’ Trader’s Tip: Look for Multiple Signs of Strength

  • Advancing from the 10 DMA provides the initial bullish technical signal.

  • Sharply increased volume confirms stronger buying demand behind the move.

  • Breaking above previous highs adds another layer of confirmation and increases the probability that a new advance may be developing.

https://buyingbreakouts.com/wed-8-19-qgen-buying-1-3-44-49/

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