Today’s Daily Alert features a brief new recommendation from Shortex Market Letter Editor Joseph Parnes.
“Pall Corp. (PLL, $59) – The maker of filtration products. Earnings for the FY/ Q1 were pressured by foreign exchange [and PLL is] down by 10.8%. The decrease in optimism is temporary at best. Recent sell-off could find secondary support at 56-57. [That would be followed by a] reversal to challenge the previous high of 65.82. Buying Range: 56-61. Near-term Objective: 66. Intermediate-term Objective: 73. Stop Loss: 54.”
- Joseph Parnes, Shortex Market Letter, November 28, 2012