Platform Specialty Products Corp PAH shares are trading higher by $0.30 (4 percent) at $8.19 in Monday's session. The catalyst for the modest rally is an upgrade from Neutral to Buy.
The gains are coming on top of its $0.59 rally on Friday ($7.30 to $7.89), when the company reported a Q3 beat along with a $40.9 million revenue beat.
At this time, it has pierced the pair of highs just below the $8.25 area from late September, but so far has been unable to stay above them with the current high standing at $8.27.
If the rally continues, there may be a additional resistance at the string of four highs ($8.41 to $8.60) from September 26 through September 29.
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