Proofpoint Ready to Breakout

Proofpoint (PFPT) is a 50/50 Low Riser that has been ranging since late April 2019. 

The stock is close to the breakout price of $133.10. RSI-20 is above 50, in the strong zone, and price has held above the 10-SMA since September (note how it fell below the 10-SMA the months prior). This is a "complex" Low Riser because the 10-SMA fell below the 50-EMA twice due to the market conditions (broad range, not trending up).

The ascending support line suggests a "rising triangle" price pattern.

Earnings will released later this month (24 October).