Thursday, January 24, 2008

A Look Back At PSPT

To all my friends at PSPT who may be planning of cashing their options, here's my personal/techinical analysis of PSPT's stock performance.

As you can see from the chart, the stock is moving in an uptrend channel. It's MACD is positive which is a bullish signal. It's current price above all moving averages; another bullish signal. Last Jan. 11, it opened at its low of $13.37 and hit a day high of $15.25 forming a pole. It subsequently consolidated in a flag pattern (likewise a bullish signal). A break above $14.38 could propel this stock to around $16 which is the resistance.

Well, a break above that $16 could take this stock further to new highs.

Looks like all the bullish signals for PSPT. So friends, will you cash in or hold? You have your options.

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