Whole tech sector uplift today. I agree with "bueno" that IBM was the catalyst and the tech sector was oversold. Rally should have a bit more to go overall. Good time to raise some cash. I will put out a very STRONG BUY on PRFT after it breaks out of the congestion between 19 and 20 on high volume. Until then it's a trading vehicle upper 15s to upper 17s or so. Also agree with "bueno" that lots depends on q4 results and q1 and beyond outlook...I don't have a clue on guidance.
I'd be worried buying at this level, she is very fragile and could turn on a dime. I'm still short this market. PRFT needs good news to break out of this recent downfall. Daily RSI approaching overbought, intra day RSI overbought already, it is extremely unlikely for PRFT to open higher after closing HOD without news in AM or after closing belt, she is pulling back tomorrow or even before close unless market keeps climbing. GL.