Trade Ideas: PLA

Markets look to be pricing two days of selling for the price of one. Rising Oil price was again the excuse for the selling but it was not all doom and gloom. The Trade-Ideas software was chugging out a number of stocks; one which is developing a bull flag is PLA. Larger resistance lurks at $15.80, but a move to $16 would complete a 2-year cup-and-handle pattern.

Playboy Enterprises, Inc., together with its subsidiaries, engages in the development and distribution of multimedia lifestyle entertainment for adult audiences worldwide.

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