Portfolio Recovery Associates
Three-Month Average Volume: 435,466
Volume % Change: 50% >>5 Stocks to Watch for Breakout Trades From a technical perspective, PRAA jumped higher here and broke out above some near-term overhead resistance levels at $53 to $54.62 with above-average volume. This move also pushed shares of PRAA into new 52-week-high territory, which is bullish technical price action. If this breakout holds, then shares of PRAA could be setting up to trend significantly higher. Traders should now look for long-biased trades in PRAA as long as it's trending above Monday's low of $52.71 to $52 and then once it sustains a move or close above its new 52-week high at $54.93 with volume that hits near or above 435,466 shares. If we get that move soon, then PRAA will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that move are $60 to $65.