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
(What's this?)
Dissecting MarketClub's World Cup Portfolio
(Scott's Investments, 8/11/10)
2010 Stock Picks: World Cup Special!!!!
(Intelligent Speculator, 6/10/10)
World Cup – the ultimate winner is South Africa
(Investment Postcards from Cape Town, 7/19/10)
Nike “Just Does It” at the World Cup
(Investment U, 6/16/10)
Filed under Stock Trade of the Day by Tate Dwinnell
Comments on Trade of the Day – Cup with Handle Breakout in PRG Schultz (PRGX) »
Bulls/Bears Battle Resistance; Hot IPO - Lululemon Athletica (LULU) | Self Investors @ 8:40 pm
[...] 5. Trade of the Day – Cup with Handle Breakout in PRG Schultz (PRGX) http://selfinvestors.com/tradingstocks/stock-trade-of-the-day/trade-of-the-day-cup-with-handle-breakout-in-prg-schultz-prgx/ [...]