Pretty interesting situation happening from a technical perspective right now (so please read this as only technical, has nothing to do with the future success of the company)...
Resistance is sitting at 61 cents, whilst there is support at 58 cents. The thing that interests me the most is the EXTREMELY tight bollinger bands, indicating very low volatility. It cannot stay this way, volatility will return. This is called a "squeeze". A break outside of either band will occur very rapidly and the run will generally be quite large, especially due to extreme tightening here. There is also the 200 DMA at 56 cents which should act as major support if the lower band was to be broken. OBV has recently been going downwards, indicating money flowing out of the stock (evident through the daily depth, a few big sellers getting out).
From my view, I believe there is enough support for PEB to break out upwards instead of downwards (although this can't be predicted). I would be extremely surprised if 56 cents was broken, I feel that it wont be able to get through 58 (on volume). A close on or above 62 cents would indicate a definite buy.
Disc: Hold a good chunk of PEB.
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