WED 9/2: GLAD — Gains From the 10 DMA With Volume — A BUY SIGNAL

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. •

9:58 PM – I added another 1/3 position to my GLAD holding today as shares traded higher from the 10 DMA with an increase in volume. This is a very typical technical scenario I look for when adding to an existing position: support at the 10 DMA followed by an advance on increased volume.

I now have 2/3 of what I consider a full position in GLAD, in a market where stocks have generally lacked much follow-through.

The cost basis will be adjusted inside ULTRA for tracking purposes.

James’ Trader’s Tip: Add From Proven Support

  • An advance from the 10 DMA with increased volume is one of the most common bullish technical signals I look for.

  • Scaling in allows the stock to prove itself before committing a full position.

  • When stocks are showing limited follow-through overall, maintaining some restraint with position size helps manage risk.

https://buyingbreakouts.com/wed-9-2-glad-gains-from-the-10-dma-with-volume-a-buy-signal/

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