Trade Ideas: PER

I have posted a weekly chart which nicely illustrates the break of resistance and subsequent confirmation of new support. By running a stop on a loss of $14.50 and buying a break of $15.00 one could have a reasonable low risk entry. Short term - look for a move to the $16.50-$17.00 range. More likely will be further consolidation in this price range and a second breakout to take it to $22.
Perot Systems Corporation provides information technology services and business solutions worldwide. The company operates in three segments: Industry Solutions, Government Services, and Technology Services.

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