Playboy Enterprises Inc. (Holdings) (PLA) finds a fresh breakout zone

Playboy Enterprises Inc. (Holdings) (NYSE: PLA) has soared with a strong momentum in Thursday's session despite the small corection witnessed in indices.

Playboy Enterprises Inc. (Holdings) short term bullish trend of 15 days MA not only breached the 50 days MA in the session with a strong force, but Playboy Enterprises Inc. (Holdings) (PLA) stock also formed a new 52 week high, and its volumes were 30% were higher than average volumes.

All these are indicators that Playboy Enterprises Inc. (Holdings) (PLA) is now in a new breakout zone and is all set to reach higher from $4.07 at present.