[traderthoughts.com]

The fundamentals of Perficient has been gradually improving. On January 9 BMO, prior to market opening, PRFT improved its revenue guidance for Q4 and cited "a reacceleration of organic growth" for a record Q4. The improvement is in line with the comments made by the management during the earings call. With this, there is a possibility of PRFT break the upper boundary of the declining channel it is trading in. On such a breakout, the stock can reach $19 levels. For a free stock research report on PRFT, visit stocks2pick.com