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Thursday, July 11, 2013

PSIX


Here is a new one for the radar: PSIX, which broke out of about a 2 month case. This is pretty thinly traded, but that may be changing, and it has a really nice chart pattern for something this thinly traded. It has been above the ascending 50dma for the past 6 months, and the moving averages are still moving apart, so this has pretty damn good momentum. The EPS numbers don't look bad on this, either. It is probably pretty extended here, but it would be a good idea to watch it for possible entry points: I think it has some potential. 

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