Stock Chart Analysis PRXL

Posted by downtowntrader | 8/07/2007 09:43:00 PM | 0 comments »

Stock Chart Analysis PRXL

PAREXEL International Corporation (Public, NASDAQ:PRXL)

PRXL has been battling with the 40-41 area the past few sessions and it looks like the bulls are winning out. While it closed off the highs today, PRXL did manage to close over the 20 day sma and could clear the broadening wedge highlighted below. There are multiple areas of converging support here and it highlights a clear area where a stop could be set.

Good Trading,


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