Perion Networks - PERI - Buy signals

This afternoon I put in a buy order for Perion Networks (PERI) in the Barchart Van Meerten Speculative portfolio for great upward momentum.  The chart is an hourly trading chart over the past month

Perion Networks (PERI)

Barchart technical indicators:

• 72% Barhcart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 15 new highs and up 21.98% in the last month
• Relative Strength Index 79.86%
• Barchart computes a technical support level at 4.50
• Recently traded at 4.94 with a 50 day moving average of 4.22