Procera Networks Inc (NASDAQ:PKT) has been trading around its 20-day EMA in the last trading sessions and the stock appears to have successfully reversed its downtrend. PKT has some noticeable indicators suggesting that the stock is ready to make a move. The RSI indicator looks like it's on the edge of crossing back over 50% level and MACD is still showing a positive divergence. From the insider transactions, Directors of the company are very bullish as they have purchased total of 105,000 shares in the last weeks. In addition 77% of outstanding shares are held by institutional investors.
Procera Networks Inc (NASDAQ:PKT)
Started by
Costa
, May 22 2014 12:21 AM
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#1
Posted 22 May 2014 - 12:21 AM
Costa
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