Trade of the Day – Cup with Handle Breakout in PRG Schultz (PRGX)

prgx stock chart breakoutYesterday 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.

 

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