Parsons Corporation (NYSE:PSN)

Chart of the Day July 15th, 2022

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  • bill52: $PLMR $SKWD $RYAN $PSN $CWAN some stocks on my watch list that have been holding up well during this recent turmoil. worth watching.
  • bill52: @Zimzala $GCT yes, this has been holding up well despite how ugly things have been the last number of days. I've lightened up but still have a core with it as long as it keeps above the 50ema. $MMYT and $PSN are hanging in there as well above the 50. These market corrections I find are a good time to see which ones are doing "less bad". Usually can be good ones for the upswing when it happens. If anyone else has any you are tracking that are holding up reasonably well in this storm.....post them.
  • JosephM: $PSN/$AAON
  • shoredriver:
  • JosephM: @shoredriver $PSN $AAON $BUTTHEAD what's up? and good morning to you.
  • shoredriver: @JosephM $PSN $AAON $BUTTHEAD ...stop just posting symbols.....
  • JosephM: @shoredriver $PSN $AAON $BUTTHEAD go away
  • JosephM: $PSN
  • scottrades: @JosephM $PSN Nice chart Joe!
  • JosephM: @scottrades $PSN thanks Scott. I bought some. Stalled but I like it. IBD.comp 95 (i'm pretty zeroed in on trying to only buy names over 90, 95 ideally), A/D A, Group is B. I really like the up/down volume indicator in IBD. $PSN is 2.1. Focused on quality. Why not stack the odds?
  • JosephM: $CVLT, $IBKR, $AMZN, $PSN..short list. $CVLT IBD group #1.
  • JosephM: $PSN...moving up, no volume.
  • scottrades: My notes: COTD: Is $MSTR a huge short squeeze in waiting? FYI: Stock Market is closed tomorrow $SPY Great Quarter guys! $QQQ Basing $IWM Trying to break out $DXY Strong against others $TNX At the 50 Day $GLD Breakout $XLF Working $XLE Breaking out $XBI Support at the 50 Day $SMH Basing $IBIT Above the MAs $AMZN Still in an uptrend. $GOOGL Watch 152 $MSTR at the 8EMA $MS Breaking out of the downtrend $SQ Watch 85.90 $MLM Basing $AXON Watch 321.80 $FROG Basing $MNDY at the 21 EMA $PLTR Wait. $PSN Watch 84 $ASND Mentioned Tuesday
  • SophAgogo: @scottrades $MSTR $SPY $QQQ $IWM $DXY $TNX $GLD $XLF $XLE $XBI $SMH $IBIT $AMZN $GOOGL $MS $SQ $MLM $AXON $FROG $MNDY $PLTR $PSN $ASND Hey Scott ... wondering whether the $2m sell down by Michael Saylor yesterday $MSTR - https://archive.fast-edgar.com/20240328/A326F222ZW22326Z2P2422422RQ4ZK22Z262/ is just executive compensation and great timing or something to worry about
  • bill52: ...
    $PSN I know there are a number of folks following this one (including me). As it continues to consolidate, note the unusually heavy volume the last 3 days. Change of character in the level of trading activity. Also, this is rising AH to 83.88 wh ...
  • Motorman: @bill52 $PSN $GCT Thanks. I have a small position in each. Will watch for direction.
  • CaptQueeg: Squeezes to watch; $ARM, $DHR, $MCY, $PLTR, $PSN, $ROKU, $VZ, $LLY
  • billyzeke: @CaptQueeg $ARM $DHR $MCY $PLTR $PSN $ROKU $VZ $LLY Nice list, thank you.
  • DAN: Check out $PSN. Former ATI stock that we closed at 79.90 for a good profit. It's been squeezing and looks ready to run again. If you're in, might want to keep the same stop at 79.90. Just a thought.
  • DAN: Note: I would be suggesting $PSN as a trade, but the volume on today's move is still pretty light. Doesn't mean that the trade won't work. It just seems a bit extended from the 50-day and 200-day MA to warrant STARTING a position here. If you're already long (I'm not), then you've got different options. But to start? It's just not for me.
  • bill52:
  • bill52: @DAN $PSN good call. this is a really solid company. I'm maintain my long position from lower and watching for a solid breakout before adding more. In addition to your observation on the volume, it also fell short by a few cents of the prior resistance closing high on March 6. I'm tempted to do some small earlier cheat adds at the lower end of this current range. I'm watching that intraday low of 79.26 on March 11 as a line in the sand.
  • scottrades: My notes: $SPY All time high close $QQQ Downside reversal $IWM Trying to break out $DXY Rate Cuts in Switzerland and Mexico $GLD Holding the 8EMA $GDX Clear resistance $SMH Would like to see it tighten up $XLF Breaking out $IBIT Consolidating, be patient. $ANET Working great $AMZN Weak today but still in trend. $GS Breaking out $MS Trend change? $SHAK Seen in the forum $BROS Mentioned this morning $PSN Mentioned by Dan $UBER Working $MLM Working $PLTR Coming into support $DECK Trying to break out $MSTR Weekly chart is better
  • bill52: $PSN starting to get really tight. worth watching.
  • Bert953: #Mr Market - taking a pause here? The 4 major indexes are all below the 8dMA. Mostly red on my watch lists and fortuitously, most of my stops were hit yesterday. Just holding a few shares of $MSTR (stop at 1590 since 10 min VWAP is 1600) and $PSN (price sitting just over 8dMA). Dan says dont take big losses, but I also dont want to give up big gains. Will reload next week if appropriate. Noticed that $MSTR is holding up rather well as it normally sells off in the morning before recovering later in the day. Today its just sitting above the VWAP with small candles. I see this as an indication of strength, since the halving thesis hasn't changed, but I've got my eye on the exit door.
  • Bert953: $PSN waking up again. Flag pattern spent just 1 day below the 8dEMA but has now reclaimed it. Chakin money flow flattening out rather than still going down. Measured move could be high 90"s.
  • djgustoso: $PSN @Dan this one popped back above our stop out, near $81 currently. Would you consider getting back in or is the trade over since the stop was violated?
  • DAN: ...
    $PSN -- Rolling over. Up 27%. Be selling into this. Maybe half…and the rest backstopped at 79.90.
    $SMCI -- BeP (bearish engulfing pattern). Not up by much. Keep the stop tight on this.
    $MSTR -- Still going. Up 75%. New high today. Cur ...
  • DAN: ...
    $PSN -- Up 30%. Running like a champ and I'm glad we were patient for a month while the stock consolidated before the next leg higher. Stop now at 79.90.

    $IBIT -- Volatile day yesterday, but looking good today. A big Bitcoin Whale took a dump on ...
  • DAN: ...
    $PSN -- Still moving higher along the 8-day EMA.

    $SMCI -- Per my note above, this is buyable here.

    We will go through these stocks and several others this morning in the Training Session at the usual time (8 am PT / 11 am ET).

    https://us02web.zoo ...
  • DAN: ...
    $PSN -- Continues to reward the patient among us. Entry at 64.50 and current print at 80.61? I'll take a 25% gain on a smooth ride.

    OK, that's all I've got this morning. Hope you are doing well, and that you will be enjoying yourself this weeken ...
  • oldtimer: @DAN $AMD $NVDA $GDRX $ANET $COIN $EDU $ELF $IBIT $META $MSTR $PSN your not the only - at least I am in good company . .
  • DAN: @oldtimer $AMD $NVDA $GDRX $ANET $COIN $EDU $ELF $IBIT $META $MSTR $PSN Good to know...one oldtimer to another.
  • DAN: ...
    $PSN -- Up 26% from the 64.50 entry on January 12th. (I completely missed the earnings date and did not close the trade prior to earnings. In this case, it's better to have made a mistake than stick to a plan. Well...that's trading too.

    By the w ...
  • DAN: Active Trade Update Good morning. Another day, another big move for $NVDA, currently trading at $803. As I noted earlier, think of Nvidia as a horse -- ride it until it bucks you off. Here is an update on our current stops: $ANET: Basis: 269.40. Stop 252.30 $AXON: Basis 256.86. Stop 255.27 $EDU: Basis 81.30. Stop 84.65 $ELF: Basis 169.61 Stop 154.95 $IBIT: Basis 30.10 Stop 27.45 $LEN: Basis 155.75 Stop 148.75 $META: Basis 360. Stop 452.00 $PSN: Basis 64.50 Stop 73.55 --Dan For a complete list of all Active Trades, click here: https://stockmarketmentor.com/active-trades-list/
  • bill52: $PSN impressive volume move today.
  • Henry: $PSN Earnings $0.69 beats 0.63 est trading up $5 but only 1200 shares traded np
  • DAN: ...
    $PSN is up 6.4% in pre-market trading. Candidly, I forgot about earnings yesterday and neglected to close the position. This falls into that rare category in trading where it's better to be lucky than good. It's up 14% from the entry back in Janu ...
  • DAN: ...
    $PSN -- Up 2% yesterday. Trade up 4%. Stop remains at 63.70.

    $SMCI -- The squeeze continues. My suggestion for a max stop remains at $595. Watch the 8-day EMA as a reference for trend.

    $VMC -- Basis 345.05. Stop along the 50-day MA at 224.7 ...
  • DAN: ...
    $PSN -- Still in a trading range. Above the entry, but not doing much.

    $RMBS -- Flat. At the current price, we're about as flat as can be -- up a dime.

    $XP -- Down 2.4% on this one. No changes. Stop remains at $24.50.

    --Dan

    For a complete ...
  • Wolf: $XP Closed for a tiny loss. $PSN closed for a small gain.
  • Henry: @BarryC I'm feeling we are over extended. The Big 6 (TSLA is out) have continued to go up and you could add a few more chip stocks to that. The small caps haven't had their predicted bounce. I jettisoned $PSN and a bounce trade in $AJG before earnings and $RBLX the day before that. My plan is not to have a bunch of stocks that I have chased at the top, when a correction hits.
  • BarryC: @Henry $PSN $AJG $RBLX FOR ME, The Market being overbought isn't/wasn't a reason to sell. I had a plan when I bot them and sold them out of EMOTION. THATS BAD!!!! :-)
  • indigo1948: @BarryC $PSN $AJG $RBLX - Barry - everyone has been there - if they are honest - at least one time in the trading. Me-many times - still trying to get that discipline. All the best
  • bill52: $PSN $MMYT a couple break out stocks I'm tracking which are drifting back for possible lower risk entry. $GCT had a nice move in the past weeks and consolidating. i'm watching for a solid close above 23.5 on decent volume before committing more.
  • marklesparkle: $PSN on the ATL seems like a very interesting company to me. Plus they have a cybersecurity division and working on EV charging stations where bad actors can possibly get a hold of your car oh man
  • Firemedic: @DAN $SPX $DJI $MDY $IWM $NDX $XLK $ARKK $SMH $SMCI $NVDA $RMBS $GOOGL $META $MSFT $PSN $MCD $TSM $SHOP $CCL $RCL Awesome message Dan . Thank you very much for the trade counseling.
  • DAN: ...
    $PSN -- Thin. Entry 64.50
    $MCD - 299.95 / 386.75
    $RMBS -- 782.34 / 69.70

    $TSM -- Raised guidance. 4/18 earnings.This forecast indicates a robust rebound for the semiconductor industry, emerging from a deep inventory glut. TSM's optimistic outlook ...
  • stairm01: $PSN Bought on the breakout Friday, stopped out yesterday with a profit, bought back in this morning at 65.20. On Dan's ATL
  • Onthemark: @stairm01 $PSN I'm with you on this one. Bought yesterday and added today.
  • bigreek42: @Onthemark $PSN ditto
  • Henry: @stairm01 $PSN Still long, quick phase 2, I'd like to see more volume
  • kenb: $PSN added to Dan's ATL on Friday gets an upgrade this morning. Watching, no position yet. Baird analyst Andrew Wittmann upgrades Parsons Corp (NYSE:PSN) from Neutral to Outperform and raises the price target from $68 to $75.
  • Henry: $PSN #ATL Baird pt of $75, stock gapped up this am. long
  • bigreek42: buying some $psn on the pb here
  • Henry: $PSN gave back the entire gap up. This is an ATL stock. Yeah it's a Phase 2, but Phase 1 was very short. Too short to suit me. If this is going to live in the channel a while longer, it's going to do it without me.
  • DAN: Active Trade Update Adding Parsons Corp ($PSN) to the Active Trade Idea List. Basis $64.50 Stop: $62.50 --Dan For a complete list of all Active Trades, click here: https://stockmarketmentor.com/active-trades-list/
  • Docoof: $PSN ATH
  • vcondry: @Docoof $ICFI $BAH $SAIC $HURN $CBZ $CACI $NVEE $CRAI $PSN add $LDOS to your group... competitor with $SAIC one of my buddies works for them...always busy also goverment/DOD contracts
  • Docoof: @vcondry $ICFI $BAH $SAIC $HURN $CBZ $CACI $NVEE $CRAI $PSN $LDOS Thanks—and done. $LDOS has moved >10% up since mid month. Not too shabby. (I was going by how IBD categorized industry groups and $LDOS is indeed in this group.)
  • Docoof: Industry Group: Commercial Services-Consulting. New highs today: $ICFI $BAH $SAIC $HURN $CBZ $NVEE $CACI Big move from ~250 (10/14) to today’s Hod 300.38. ATH = 313.52 $CRAI This looks like it’s heading to an ATH. Steady climb up of over 20% since mid September. Different Industry Group, but similar to $BAH is $PSN: New ATH today.
  • Docoof: Industry Group: Commercial Services-Consulting. New highs today: $ICFI $BAH $SAIC $PSN
  • Docoof: Industry Group: Commercial Services-Consulting. Group Rank (1-197): 15. Friday: $FCN Hod 186.98 ATH 190.43 (Earnings 10/27) $ICFI New ATH $BAH New ATH (Earnings 10/28) $HURN Hod 72.51 5yr high 74.08 ATH 78.89 $SAIC New 1yr high 99.18 ATH 103.95 $CBZ Hod 46.97 ATH 48.47 (Earnings 10/27) $NVEE Hod 137.43 ATH 147.27 $CRAI Hod 97.54 ATH 116.71 $PSN Different group, but similar (based on Forum posts) to $BAH. $PSN Hod 43.63 1yr high 43.84 ATH 45.40
  • Docoof: $PSN New 1-yr high
  • Docoof: $PSN Hod/New ATH
  • Docoof: $PSN New 1-yr high
  • Docoof: $PSN New ATH
  • Docoof: $PSN New 1-yr high.
  • Docoof: $PSN Breakout still holding up, but vol above daily avg has decreased.
  • steve71: $BAH $PSN Similar charts and business plans. Both widely outperforming the major indices. Both located in VA for easy access to their #1 customer, Uncle Sam. But the question is, how does Paul Pelosi like them?
  • shoredriver: @steve71 $BAH $PSN #1 ...The Nanster would opt for $BAH....Booz/booze...tomato/ tomahto for her....
  • Docoof: $PSN close at hod.
  • Docoof: Watching $PSN right here.
  • Docoof: 2nd Attempt. Added a starter in $PSN RHRN.
  • Docoof: $PSN Trying small RHRN. Stop under lod.
  • Docoof: $PSN Out of starter below entry.
  • Forexpro: ...
    "Investors looking to prosper from a deluge of spending might do better to focus on shares of engineering and inspection firms, such as Jacobs Engineering Group ($J), Tetra Tech ($TTEK), Parsons ($PSN), Montrose Environmental Group ($MEG), and ...
  • champ: $PSN, Parsons Corp. @ $43.50 ---- Recent IPO on 5/19, tech-solutions in defense, take a look, outperforming. I have a swing.
  • Richlion1: @champ $PSN I forgot about this stock. Glad you mentioned it champ. Of course wish I held onto some from below.
  • Herb: Some decent-acting ipo's: $PNTG $PSN $FREQ $CRTX $BBIO $TXG
  • Herb: Some good IPO charts: $ARVN $EIDX $LK $PSN $FREQ $PTON $PNTG $GSX $BNTX $TXG
  • Auto: $PSN watching for the break on the monthly
  • Herb: Some decent-acting IPOs: $CRWD $LK $TPTX $PSN $ARVN $ZS $PINS $HHR $PLAN $ZM $GO $GH
  • Herb: Some good-acting recent IPO's: $CRWD $PLMR $LK $HHR $ARVN $PLAN $ZS $PSN $GO $YETI
  • JBed: $PSN I've been in this defense IPO for a while. It beat on its first ER and has been basing. For an IPO, it's remarkably non-volatile. ATH is $38 and today it's up near $37. I think this goes a lot higher and entry under $38 should pay off handsomely for the patient.
  • Vic: @JBed $PSN just keep in mind that half of their revenue comes from infrastructure design, which is a very low margin business... don't expect a pure play defense multiple
  • Herb: Best-acting ipo's: $TUFN $TW $AXNX $ARVN $RTLR $IPO $TPTX $PLAN $GO $PLMR $PSN
  • Herb: Some recent ipo's that have acted well: $TUFN $TW $GO $PSN $AXNX $TPTX
  • spmeyers: @Herb $TUFN $TW $GO $PSN $AXNX $TPTX I like how TUFN is walking up the 8-day EMA; watching to see if it holds this breakout into the close
  • Herb: $PSN ipo trying to break out.
  • BocaRick: @CraigReynolds $PNS $PSN Parsons
  • CraigReynolds: $PSN Been watching thinking about entering. Didn't want to start prior to earning. Earnings just reported: Act .57 Est .13 Rev Act 904.4m Est 884.4. Closed yesterday 31.32. Up after earnings report 34 and then down around 33. Looks to open around that level. Will see. Probably will start position. Any advice welcomed.
  • CraigReynolds: @BocaRick $PNS $PSN My bad. Thanks
  • grcjr: @CraigReynolds $PNS - OK. While I was writing my initial reply you posted the typo. You meant $PSN? I was in $PSN, an IPO, twice in the first couple weeks and posted at that time posted why. I got out once the initial move ended. I like the company. I have alerts set should the stock set new highs.
  • CraigReynolds: @grcjr $PNS $PSN Yes, corrected my bad.
  • CraigReynolds: @grcjr $PNS $PSN Trying to decide if I should go or stop with this. Bridget yesterday sold 1/2 of her position and swing the other I believe. Think it might be a good add.
  • Herb: Strong ipo's: $CRTX $CRWD $PSN
  • CraigReynolds: @Bridget $PSN Have you done anything with this stock? Some posted a few weeks ago about this, don't remember who.
  • Bridget: @CraigReynolds $PSN I'm still in it. Sold half my position today before earnings.
  • Herb: $PSN rev shark's stock of the week. defense stuff.
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Stock Price $99.05
Change 4.54%
Volume 1,892,870

Parsons Corp is a provider of technology-driven solutions in the defense, intelligence, and critical infrastructure markets. The business activities of the group are carried out through Federal Solutions and Critical Infrastructure segments. The Federal Solutions segment is a high-end service and technology provider to the U.S. government, delivering timely, cost-effective solutions for mission-critical projects, whereas the Critical Infrastructure segment provides integrated design and engineering services for complex physical and digital infrastructure around the globe.

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