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>> 4 Big Stocks to Trade (or Not)
From a technical perspective, PRTS trended higher here right off some near-term support at $1.80 with lighter-than-average volume. This stock has been consolidating and trending sideways since pulling back off its recent high of $3.18, with shares moving between $1.60 on the downside and $2.20 on the upside. Shares of PRTS are now starting to move within range of triggering a big breakout trade above the upper-end of its recent sideways trading chart pattern. That breakout will hit if PRTS manages to take out some near-term overhead resistance levels at $2 to $2.20 with high volume.
Traders should now look for long-biased trades in PRTS as long as it's trending above some near-term support at $1.60 and then once it sustains a move or close above those breakout levels with volume that hits near or above 197,578 shares. If that breakout triggers soon, then PRTS will set up to re-test or possibly take out its 52-week high at $3.18.
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