Technical Summary: This chart could be confusing to long term readers who are used to a set format. However, it is a change up. Instead of doing our normal 1 year daily chart we felt that a 3 month daily chart was more useful to help explain the recent price movement in PPH. Leading into earnings the stock broke out on increased volume and formed a handle pattern. During this handle the stock appeared to be getting accumulated in anticpation of a positive earnings update, the context here being that the company had previously comfortably beaten its expectations. When the earnings came back in and met the company expectations we believe that it is probably that all of the traders that bought the stock anticipating a beat sold their shares. This result in a breakout failure and the stock returning back to its previous base. The selling seems to be dissipating however as volume dries up. For long term holders the uptrend in the stock is still intact.