Stock Chart Analysis PRGS

Posted by downtowntrader | 5/01/2007 09:53:00 PM | 0 comments »

Stock Chart Analysis PRGS

Progress Software Corporation (Public, NASDAQ:PRGS)

PRGS had a nice breakaway gap in March from a five month base. While it may be early to enter this new uptrend, the chart looks very promising, and the breakaway gap may go unfilled for quite some time. If the stock markets are weak for another couple days, it may provide for a nice entry.

Good Trading,