Stock Chart Analysis PRSC
The Providence Service Corporation (Public, NASDAQ:PRSC)
PRSC is coiling into a triangle after clearing a several month long tight base. Volume surged on the initial breakout and has been drying up as it consolidates. There was a strong candle that gapped under the base and then closed at new highs in mid August. Sometimes these moves catch a lot traders by surprise, including some institutions. The fallout sometimes takes weeks to sort out, but usually, it's in the direction of the initial surprise move.
Good Trading,
Joey
for more analysis, check out downtowntrader.com
Subscribe to:
Post Comments (Atom)
0 comments
Post a Comment