The stock of PRA Health Sciences looks like a compelling entry on a momentum squeeze after the company announced a partnership with Jumo.
PRA Health recently announced a partnership with Jumo, a global provider of educational health care information. The company says that PRA Health can leverage on Jumo’s solid education-information system to bridge the gap between caregivers and patients while conducting pediatric clinical trials.
PRA Health Sciences Stock Chart
Large players have been selling the stock so I think you have to be cautious before taking a swing long entry. We have had several Pocket Pivot signals (blue dots) which is a bullish sign.
There is reduced volatility while prices have been consolidating setting up a momentum squeeze.
There is a very little resistance above the current price.
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