PTSO instant analyst below (news coming maybe?)
TECHNICAL OPINION - PTS Inc. (PTSO) - 04/01/2004
Daily Opinion: BUY
Thursday's Bullish (up) move is accompanied by huge volume (390% of average), suggesting a continuation higher on the next bar.
Short-Term Opinion: HOLD
On a short-term technical basis, the trend is Neutral (sideways) and the stock is slightly below its 50-day moving average at 0.01 which also confirms its Neutral (sideways) trend. The stock is extremely oversold according to the Stochastic indicator (4.37), so look for a possible rebound.
Long Term Opinion: UNDERPERFORM
On a long-term technical basis, the stock (PTSO) is trading below its 200-day moving average which implies it is in a negative trend.
The stock has support at 0.01 and 0.01. If the stock breaks down through support at 0.01 then it will probably continue lower to 0.01. The stock has resistance at 0.01 and at 0.01. If the stock breaks up through resistance at 0.01 then it will probably continue higher to 0.01. The 200-day moving average is at 0.02. This will also act as resistance. The stock is extremely oversold according to the Stochastic Indicator (4.08), so look for a possible rebound soon. Confirm this with the Short-Term Opinion and Daily Opinion to keep from exiting prematurely.
