No replies to this topic

[Costa]

The stock has been under the radar for the last several weeks and appears that the stock still has more fuel in its tank for a move higher. The start of 2013 was not particularly well for PKT as its shares slid from around 19.67 to a low of 10.12 on February 22. From that point, the stock was able to pick itself up all the way back to 15, with a huge gap up on good earnings. After that, the stock has been consolidating above its short-term exponential moving averages inside an ascending triangle with resistance at 15.13. If the stock breaks out of the ascending triangle, target price is at 17.10. I'm seeing a huge upside potential of PKT. The company's stock was recently upgraded by Needham to Strong Buy from Buy and a $20 target. Keep it in your radar.

Stocks to Watch for June 10, 2013