It looks like PD is recovering, breaking out of a long term descending channel. Although it's looking good from a technical perspective, it's earnings call is on December 5th, which could definitely impact this breakout if the fundamentals aren't improving at the pace analysts expect. First year target is $50, which is an 80%+ upside from current price.
Short term, longer time frame trade setup. 3 to 1 R/R. BLUE ENTRY 44.55 RED STOP 43.45 GREEN PROFIT TARGET 47.95
PD has consolidated 20% since ATH on June 17. Similar recent consolidation bottomed out at 43.77 on June 4 and led to sharp rebound.
PD stock had its IPO earlier this year and after scaling new heights, it came down and reached its support earlier this week around 44 to 46, and has a good growth potential for the foreseeable future. Based on latest earnings reports, the company is doing well and can see significant increases in stock price. A definite buy.