JimMakos
Long

PRAA stock price is testing a key support level

BATS:PRAA   PRA GROUP INC
87 0 0
Here is the 4-hour chart of Portfolio Recovery Associates Inc. http://goo.gl/xXAYwl

Why I'd go long:

1. Key round number ($50).
2. Found support before (July and August).
3. Support confirmation on the 4-hour chart with bullish candlestick .
4. Volume increase.
5. Bounce off the lower band of the downward trending channel.

If I bought at $52 and set a stop loss of $2 per share, I'd sell 70% of my position at $54 for a 1:1 risk/reward ratio trade. I'd move the stop loss to breakeven point and would be looking to close 20% of the position 10 dollars higher. That would leave out 10% of my position for long-term gains.

Will you be trading PRAA during holidays?
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out