WED 8/26: DBX – BUYING (1/3) @ $35.10

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. •

10:04 AM – Picking up a 1/3 position in this Computer Software-Database stock as shares trade higher from the 10 DMA while volume is currently running 38% above average. That combination of support at the 10 DMA, advancing price, and increased volume gives me a technical BUY SIGNAL.

James’ Trader’s Tip: Volume Helps Confirm Support

  • An advance from the 10 DMA shows that buyers are defending an important short-term support level.

  • Above-average volume adds conviction to the move by showing stronger-than-normal demand.

  • When price and volume improve together, the technical setup becomes more compelling.

https://buyingbreakouts.com/wed-8-26-dbx-buying-1-3-35-10/

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