1. Earnings should be next week. Numbers may look good / may have been leaked and/or new business in the pipeline may lead to upward guidance.
2. Speculation on #1, both on the long side and shorts covering in advance.
If PEGA raises guidance to exceed their already impressive and agressive growth over the past 18 months, this thing is headed to 40+. If things are on track, we trade between mid 20's - low 30's. If they miss, back to 15 or less.