tickeron

PRTS soars +231.46%, reaches a 3-month high. Expect an uptrend

Long
NASDAQ:PRTS   CarParts.com, Inc.
US Auto Parts Network (PRTS, $8.85) gained +231.46% and reached a new high over the last three months. By comparison, the broader Internet Retail Industry returned 95.9% over the same period of time. I analyzed 25 stocks in the Internet Retail Industry over the same period of time and found that 25 of them (100%) were in an Uptrend while none of them showed a Downtrend. I found 335 similar cases when PRTS's price went up 15% within three months. In 217 out of those 335 cases, PRTS's price went up during the following month. Based on these historical data, I think the odds of an Uptrend continuation for PRTS are 65%.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.