PRGO

PRGO has been in a nice up treand since breaking out of a long flat base early in January. This went up while the rest of the market was correcting, so the price relative is extremely strong. It had a brief pullback, not even getting to the 50dma, before breaking out today on news that it is acquiring another company. Average daily volume has been increasing, fundamentals look pretty darn good, and I believe this has been on the IBD 100 recently, so this is one to keep an eye on, esprecially if it pulls back to test the gap.