Breakout Alert 12: $PRMX (Update 2017-11-08)

On October 11, 2017, $PRMX broke out from its previous 52-week high of 6.78/share accompanied by above-average volume. Its current exit price is 6.58/share. Buy above exit price, sell immediately when it falls below.

Pro(s):

• Trending up since 3rd quarter of 2017.
• Institutional investors are accumulating.
• There are more above-average green volume bars than above-average red volume bars.
• They have on-going projects. Click here for more details.

Con(s):

• Gross revenue, net income, and net profit margin for the second quarter of 2017 went down by -54%, -191%, and -298%, respectively (based on its 2nd quarterly report). Formula used: ((Current - Previous) / |Previous|) * 100.

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Update (November 08, 2017):

Exit price now at 6.73/share.

CAVEAT EMPTOR