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>>5 Stocks Poised for Breakouts
From a technical perspective, PCYG ripped higher here and broke out above some near-term overhead resistance at $9.25 with above-average volume. This move is quickly pushing shares of PCYG within range of triggering an even bigger breakout trade. That trade will hit if PCYG manages to take out Monday's high of $10.23 and then if it takes out its 52-week high at $10.75 with high volume.
Traders should now look for long-biased trades in PCYG as long as it's trending above $9.25 or above support at $9 and then once it sustains a move or close above those breakout levels with volume that hits near or above 93,311 shares. If that breakout hits soon, then PCYG will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $13 to $15.
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