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Non-Tech : Invest / LTD
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To: The Ox who wrote (7604)2/28/1999 9:03:00 PM
From: Thean  Read Replies (2) of 14427
 
PMRY - I follow this company and its chart is showing a likely breakout tomorrow. Check the followings:

Daily chart - it closed a tad above the $22 1/2 resistence. If it shall break above this level, I expect to see heavy action tomorrow morning and the stock move to $24 at least intraday. This would be a new high for the last 6 months.

5 minute chart - notice the heavy buying towards the end of the day. Some people look determined to push this higher.

Weekly chart - The stock has very low PE. If it could not break the resistence lines anchored by its two tops over the last year and a half, then the next resistence should be about $25 1/2 - $26. If it breaks that, coupled with a shift in sentiment towards value stock, PMRY may trade into the 30's in the next two months.

One thing about this company - its employee compensation is directly tied to how satisfied its customers are with their service. The company is known to be lean and mean. Do your own DD. PMRY is my potential breakout stock for next week.
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