PYLON : Blue skies ahead
March 30, 2011 Leave a comment
PYLON is approaching blue skies, with the all time high of 3.18 likely to be taken out soon. We suspect the stock will rally to 3.40 or so in the near term, and if already long it is probably better to continue to do so for a while yet. A rally of some 15-20% above the all time high seems a plausible scenario for the stock during the course of Q2.
If lucky and it dips back to 2.80-2.84 or so consider entry, or indeed wait for a volume supported breakout above 3.18 and follow buy then.