PERI - Hot Stock - Can It Break Up Higher?

Huge momentum over the last few days with good technicals respected making it easier to see a clear direction. We expect this to form an Elliot Wave Cycle, currently in wave 3. Could retrace into 4 then a 5.

About:

Perion Network Ltd is an Israel-based global technology company. It delivers online advertising solutions and search monetization to brands and publishers. It provides data-driven execution, from high-impact ad formats to branded search and a unified social and mobile programmatic platform. Its business solutions include Undertone, Codefuel, MakeMeReach and Smilebox. Undertone’s synchronized digital branding solution delivers creative experiences through cohesive stories to the portfolio of Websites, mobile applications, touchpoints, screens, and platforms. CodeFuel is search solution platform, which allows publishers to create new revenue streams and search experience by bringing monetization to content and application developers. MakeMeReach platform helps advertisers and agencies create, manage and optimize their marketing campaigns on multiple social channels. Smilebox enables people to tell the stories of their lives with customizable eCards, slideshows and invitations.

SHORT INTEREST
58.42K 06/28/19

P/E Ratio (with extraordinary items)
11.25

Analyst Recommendation: BUY

Analyst Price Target: $5.50