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PCLE is making higher lows

By David Randolph · May 3, 2005 · 1 min read · 270 views

Pinnacle Systems, Inc.(PCLE). The Group's principal activity is to supply digital video products which is used to create, store, and distribute video content for television programs, television commercials, pay-per-view, sports videos, corporate communications and personal home movies.

As you can see in the next charts, PCLE is making higher lows and the volume suggests me its about time to make higher highs too:

Short term chart:

The last candlestick doesn't look so bright, because the stock has a considerable upper shadow, but that can be a good thing, because it will probably prevent PCLE from gapping higher at the open.

The volume pattern is explosive for the short term.

So PCLE is one of our 3 Stocks on Fire for today. Every day we scan the entire US market (more than 7000 stocks) to choose 3 of them to buy on the next morning. But we don't keep more than 15 stocks in our portfolio, so we must be active position traders.

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Thank you, good trades !
David Randolph
www.3stocksonfire.org

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PCLE is making higher lows

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