Stock Chart Analysis PTV
Pactiv Corporation (Public, NYSE:PTV)
PTV's choppy base may be hard to chart up, but if you step back a bit, you will notice it's basing fairly close to all time highs and has been in an uptrend for over a year. There is no reason to think the trend won't continue at this point. It still has some work to do as it is still pulling back towards a bullish gap and also has gap resistance up above. It is in an area where it may bottom out, so I am on watch for a candle pattern or strong volume to emerge.
Good Trading,
Joey
for more analysis, check out downtowntrader.com
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