WED 9/9: CNO – Breaking Below $55 – Triggering a SELL 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. •

10:12 AM – As reported last night, “a break below $55.00 would be a SELL SIGNAL.” This morning shares are trading below that level while volume is running above average. That drop below the ROUND-$55 support level, accompanied by increased volume, is enough to trigger our 2ND SELL SIGNAL.

ULTRA Trader’s Tip: Define the Sell Level Before It Breaks

  • Identifying important support in advance gives us an objective level to act on.

  • A break below ROUND-$55 shows that the previously identified support is no longer holding.

  • Increased volume adds significance to the violation and reinforces the SELL SIGNAL.

https://buyingbreakouts.com/wed-9-9-cno-breaking-below-55-triggering-a-sell-signal/

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