PRTY Earnings Breakout LONG

$NYSE:PRTY

PRTY had a double or triple bottom after the earnings

miss in May but has reversed after

PRTY had great reported earnings last week and now

has breakout price action. A Target of %3.00 based

on the volume profile and the EMA 200 seems

reasonable. A stop loss of 1.69 based on the

EMA20 and the volume profile makes for a

good reward for the risk. The low volume

area ( a bit of a gap ) could allow for quick

upwards price action into the upper high volume

as the price fell through the same area quickly

back in May with the earnings miss.

All in all, this makes for an excellent swing trade

setup.