There's not much to say about PIXR which is showing great relative (and absolute) strength right now. If you're long, enjoy the ride. If you want to buy it, find a better spot than right here. If you want to short it, well... best of luck to you! I'd be hard pressed short/sell a stock that just ventured into all-time high territory. It's not hard to tell the direction of the trend when the stock's at new highs.
The chart was more cloudy though still bullish, when Kevin asked about it on March 29th (see the orange dashed line). I wish I could say that I saw the three-day rally it had coming but I didn't. My guess at that point would have been that the stock was headed back toward the bottom of its trend channel. Perhaps the strength in the market on Wednesday brought out the PIXR bulls who proceeded to run the stock up out of its trend channel. Hopefully Kevin was one of those buyers.
Dan Fitzpatric gave his opinion on PIXR's chart in his recent column on charting, 'Don't Be Baffled by the Squiggly Lines'.
