PhotoChannel Trying To Break Out

PNWIF is having a really good day today, and I am keeping my fingers crossed that this little surge is a precursor to the stock trading above $4 and finally obtaining the long awaited NASDAQ SC listing.

Here’s today’s chart, just about one hour before the close:

pnwif1.gif

As you can see, the stock has broken out nicely from the its recent malaise with a nice upside bar. A break above the May high of $3.80 would signal higher levels in the cross hairs in the short term.

In light of recent achievements- launching of the Costco service and Sam’s Club, this stock is certainly entitled to head for higher ground. It’s long overdue.

Comments and questions are welcome.

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