Monday, December 03, 2007

PeopleSupport (PSPT)

Not many stocks on the breakout watch list. PeopleSupport (PSPT) was interesting on a number of fronts.

[1] The resistance break ($13.00) followed a confirmed break of the 200-day MA
[2] On-balance-volume broke through its resistance prior to price breaking $13.00
[3] The lull from August through to November, including the period of market weakness, all occurred on light downward volume.