PRLS On Fire
By Johns Wu on Dec 04, 2005
Man, PRLS came up on my scans a few months ago as an ascending triangle setup (when it was battling the $4 resistance). Since then, the PPS of PRLS has doubled! I love the uptrend!! This thing is on FIRE.
I wanted to point out how awesome this chart looks. After the stock crossed $5, the volume started picking up dramatically. For those who don’t know, a lot of institutions do not involve themselves in stocks that are lower than $5. This suggests that institutions have studied the company and like what they see. PRLS just beat earnings, so keep it on your watchlists. I wish I had gotten in on this stock back when it showed up on my scans!! I hesitated back then because the volume was too thin…
This entry was posted on Sunday, December 4th, 2005 at 4:35 am and is filed under Annotated Analysis.
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PRLS earned 1M or .06 eps in net income in latest qtr but its net income will soar almost 100% to 1.8M - 2M or .12 eps in the current qtr. So this Ascending chart your talking about will continue to about $11-12 by next earnings report.
But since stocks are priced on forward earnings I expect it to get to $11-$12 very quickly and then hold that area until earnings are out next qtr.