Yesterday I highlighted a cup with handle breakout in Iconix Brands (ICON) and today I’ve got another cup with handle breakout for you in PRGX. While this is an excellent looking base showing significant demand and profit opportunity it should be noted that it isn’t a high quality company like Iconix is. This is a trade and nothing more. I’ve initiated a small position in this myself and am looking for a quick 15 – 20% gain over the next couple weeks.
More on this topic
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Grey Sunday’s Best
(Canadian Personal Finance Blog, 11/26/11)
Obama and New York Times Are Both Like Match-Play Golf and "Tin Cup"
(IT Investment Research, 8/24/11)
Tesla Motors (TSLA) Breaks Out Of Cup With Handle Base On Secondary Offering
(Green Stocks Central, 5/26/11)
Menard And Cassill Pleasantly Surprising At Michigan
(Wall Street Sector Selector, 6/19/11)
Filed under Stock Trade of the Day by Tate Dwinnell
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