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Primoris Services Corporation – Equities of interest

by FxIgor

Joel Kruger suggests this interesting Equities in his section Equities of interest :

Primoris Services Corporation (NASD: PRIM)

Sticking with Friday’s pick…This certainly isn’t the most liquid stock, but I just couldn’t lay off making the sell recommendation here. The rally over the past several days has been nothing short of astounding and with the daily RSI actually breaking above 90, there really is no other option but to look to sell the hyper-parabolic move. The bearish daily candle formation on last Thursday does a good job of solidifying my contrarian outlook, and I would look for any additional rallies to hold below $20 on a daily close basis, ahead of a sizable retreat into the $16-17 area over the coming sessions.

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Filed Under: Equities of interest

About FxIgor

I am forex trader from 2009. and I am making autotrading systems using Metatrader EA. In this blog I will share my thoughts about daily forex traders, market forexcast, top forex brokers.

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