The market has shown a rare level of resiliency, with the S&P bouncing quickly back from the Brexit scare. According to the most recent BAML fund manager survey, less than 1% of fund managers are overweight stocks and retail investors have put capital into bond funds almost every week so far in 2016.
With this latest hold of support on bad news, the whole market is now quite likely poised for a major breakout at fund managers are forced to balance those positions and chase back in, and retail investors find themselves woefully underexposed.
But where will that mone-y flow? With energy prices through the roof in the last 5 months, we think today’s new pick is an extremely likely spot.
Check it out:
Symbol: PRHL
Quote: http://finance.yahoo.com/q?s=PRHL
Latest News: http://finance.yahoo.com/q/h?s=PRHL+Headlines
Company Website: http://www.prhlcorp.com
Key Points:
PRHL is situated perfectly to benefit from sudden massive rallies in energy prices.
PRHL is making real m-oney, with trailing revs already coming in at $5.23M.
PRHL is starting to see major topline growth, with quarterly y/y revs increasing at 3%.
PRHL is coming off an RSI trough under 40, pointing to a massively oversold stock now heading back the other way.
PRHL just recorded a MACD Bullish breakout, suggesting a technical change in trend.
Read the entire DD HERE Now ! Get ready to take advantage of this situation on PRHL ! Time to take notice now before its too late !
