PRLB looks good enough for me to grab a few long call options.
News from Friday: Protolabs Launches All-new Digital Quoting Platform in Europe, U.S. Release to Follow in Early 2021
I will pick up some march options most likely, after watching how it opens and 5 min trends on Monday
PRLB kept making lower highs and lows... until now.
128.41 is a very important support level, if it holds, then it will be our new higher low!
It indicates a trend reversal with a price target: 146.15 and 168.30 (9-24% upside potential)
Strong support levels near 106.80
Resistance level 115.96
Lots of consolidation ranging from 106.80-115.96. A break above 116 will signal a breakout and poised for the next target around 119.
An intraday high potential, Back Tested Long Analysis.
We ll try to find an entry price within the expected pull back zone 121.55 - 124.50 as previously being back tested.
DETAILS ON THE CHART
NOTE: Entry range area above the entry point, is calculated upon 80% of the recorded pullback back tested past performances
DISCLAIMER: This is a technical analysis...
PRLB is trading at long-term resistance after a tough earnings call this quarter. This company has great growth prospects and cash flow. Long term I am bullish, and think this is a great opportunity to pick up shares at a discount.
@IBDInvestors $PRLB in the moving averages I study presents itself at a cross-roads. Having the pole position as number three and in an industry that is h-o-t, look for some action this week. Sincerely, Beauty.
Chart Chat Connect
With July 24 being earnings (always verify these dates) this candle to 63.57 if it is meant to shake some owners out its leg down to 60.06 could serve as some serious pivot action to the upside. Get to know your companies too Proto Labs 5540 Pioneer Creek Dr Maple Plain, MN 55359 (763) 479-3680 and find out what they do. The digital reality of...
