P Hits New High in Advancing Stage 2, Power Play Candidate

Posted on by Eben@CANSLIM Research
P daily stock chart with 10, 20, 50, 150 and 200-day moving averages, volume and RS line versus SPY — CANSLIM Research

P is trading at a fresh 52-week high of $118.16, firmly in a Stage 2 uptrend with price holding above a rising 30-week moving average. The market is focused on the stock’s strong momentum, with a 60% run over recent weeks and a negligible pullback, positioning it as a potential power play candidate. While the trend template shows six of eight checks passed, the overall sentiment remains constructive but awaiting confirmation of a proper base breakout.

As of 2026-08-14 · Close $118.16

Stage 2 (Advancing) — Price holding above a rising 30-week MA — uptrend intact (30-week MA 6-week slope: 3.88%)

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