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Progress Software Corporation (PRGS) - Buy, Sell or Hold?

Sector: Technology   Sub-Sector: Computer Software: Prepackaged Software
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Tue, 28 Nov 2017NoneBearish EngulfingMon, 27 Nov 20171.32%
***Stock database and scans are updated around midnight (New York time) every trading day.
42.35 0.00 (0%) Nov 28 4:00pm EST
Open: 41.96 Range: 41.89 - 42.48 Vol: 321.14K Avg Vol: 416.24K
EPS: -1.10 P/E ratio: 0.00 EBITDA: 133.41M Mkt Cap: 2.02B
Analyze "PRGS" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Up
Last Trade is above the 5 day moving average at 42.14
Medium Term: Trend is Up
Last Trade is above the 20 day moving average at 42.00
Last Trade is above the 50 day moving average at 40.81
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 33.12
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of PRGS

Stock Trend Analysis - Buy, Sell or Hold "Progress Software Corporation" (PRGS)?

PRGS is in a very strong uptrend. In the last 52 weeks, PRGS has been trading above the 200 day moving average for 93% of the time with an average daily volume of 416.2K shares being traded. In the medium term, the 50 day moving average, currently at 40.81 for PRGS is also very bullish, indicating good swing trading opportunities for longs. This bullish stance is further reinforced by PRGS's ability to stay over the 20 day moving average for more than 82.5% of the time in the last 2 months of trading. There is however a possibility of profit taking setting in and it may be prudent to lighten up on strength and re-enter during a retracement. Good places to re-enter PRGS are at the 50 and 200 SMAs currently at 40.81 and 33.12 respectively. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "PRGS".

The analyst consensus estimates for the 1 year price target for this stock is $39.33* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Tue, 28 Nov 2017
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