JakeSummerfield

Proto Labs in Stage 1 ready to launch

Long
NYSE:PRLB   Proto Labs, Inc
RSI has bottomed, MACD in an uptrend. Poking it's head above 30week MA with earnings on deck. If this stays above 30 week MA and closes week post earnings above 30 week MA this will be entering stage 2 with clear stops below 30 week MA for a great risk reward profile. This stock has been bottoming and forming a base for months.
Trade closed: stop reached: False breakout back below 30 week MA, still in stage 1 and continuing to form a large base. Momentum will continue to build and I don't see this making new lows.
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