PRGS has a classic Dark Pool quiet accumulation pattern followed by a pro trader run and then the HFT gap that is a breakaway gap. The professional traders’ technical footprint was the signal that this stock was poised for an HFT gap or run up.
Results expected 3/31 but most of the result noise seems to be baked in this shakeout here. Sitting at the 200D SMA and with sellers running out of bullets, this could be a good long R/R trade.
