PBY should trade in the 18's or 19's soon. Historically (15 to 20 years), whenever PBY had good earnings, recent highs were reached about 2-4 weeks after earnings release. The stock has been climbing on high volume and is in the high 17's now. I think it will peak in the next 2-3 weeks before settling, probably in the mid 16's or low 17's. The stock should trade in a range until next earnings release. Positive earnings for next quarter could really get this stock moving, as there are many skeptics still. This stock has disappointed for a long time and sentiment won't change after 1 positive quarter. Positive or negative press releases, or major ebbs & flows in the overall market, could affect where this stock settles. Most experts think we're still in a correction now waiting for the next downleg. Fed meeting could be catalyst.
18 cent gain on reduced volume today. I see signs of a short term topping off. PBY couldn't pass the $19.00 level. Without a surge in the overall market, PBY could start drifting lower, later next week.