Technical Summary: The stock of PGW has gradually found its way higher over the last 5 years in a slow moving uptrend. The stock however has been a difficult one for shorter term traders who will always have problems with its liquidity. This is most evident on the one year chart above where the stock typically has an intraday range of half a cent as the buyers and sellers bump between the bid and ask spread. Due to this there is not a lot of action on the chart above. That is until the last two trading sessions where
takeover rumours have swirled around the stock and pushed it higher for two consecutive days, a rarity for the stock. One concern about this price action is the apparent lack of confirming volume. If nothing else however it is a continuation of the slow moving uptrend that has been the theme for the last 5 years.
