Trading in Pason Systems Inc. (TSX:PSI) suggests a continuation of its stock’s uptrend
Dwight Galusha | October 14, 2021 | SmallCapPower: Pason Systems Inc. (TSX:PSI) is starting to push higher from a giant falling wedge continuation pattern and above horizontal resistance. This price action is bullish and suggests a continuation of the uptrend.
Pason Systems is a global provider of specialized data management systems for drilling rigs. The company’s solutions, which include data acquisition, wellsite reporting, remote communications, web-based information management, and analytics, enable collaboration between the rig and the office.
Through Energy Toolbase (ETB), Pason also provides products and services for the solar power and energy storage industry. ETB’s solutions enable solar and energy storage developers to model, control and measure economics and performance of solar energy and storage projects.
Shares of Pason Systems have climbed more than 24% year to date to its current price of $9.53. PSI stock has a dividend yield of 2.1%.
Dwight Galusha is a Chartered Market Technician (CMT) whose work can be found at www.SetYourStop.com
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