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Thursday, September 12, 2013

P

P is a fairly recent IPO that was ignored by me for months, for pretty good reason; it went nowhere unil just recently. I has now been trading long enough to establish a history, and starting a few months ago, began an up trend. It has shown up on the relative strength scan a few times but not on any of my other scans. It draws plenty of volume, but judging by CMF, I would say it is not undergoing institutional accumulation. The price relative line is pretty strong, but does have a tendency to collapse at times. This one has some serious flaws, but i think it is going to have to go on my radar.

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