PFMT update - I'm Long at $3.00 target
Currently the RSI for PFMT shows the stock is beginning to be undervalued. I watch a few things to decide if I'm going to stay long on a stock.
1. Insiders - several recent buys in the last 6 months indicate postive trends from institutional ownership to directors. https://slatersentinel.com/news/2019/12/20/performant-financial-corp-nasdaqpfmt-sees-large-growth-in-short-interest-updated-updated-updated.html
2. ValueEngine just upgraded the stock yesterday to "Buy". https://rivertonroll.com/news/2020/01/01/performant-financial-nasdaqpfmt-upgraded-by-valuengine-to-buy.html
3. Technicals show some rebounding occuring - https://www.tradingview.com/symbols/NASDAQ-PFMT/
4. Financials show profit losses but still growth.
I'm long at $3.00 target
6 month chart shows a decent trend of growth
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