PBG is consolidating within a price range with its top range of...

PBG is consolidating within a price range with its top range of 43c. It is establishing a large base from december onwards.For PBG to establish a new trend it needs to break out from this range. It was a good day for PBG yesterday as it gains 18% and yet is still in the middle of the range. With the market running hot, I won't be surprise that it will reach the top of the range fairly quickly.A consolidating period of 6 months will launch PBG on its way up. At this level, it is still a speculative stock and high risk but there are signs that PBG is improving.Recent publicity of PBG is not necessary all bad as it shows professionalism in its approach. It is willing to make difficult decisions, a sign it has a new direction and is focus in its pursue of efficiency and cost effectiveness, a conscious attemp to improve its profitability.It is a good sign. However do your own research and consult your own financial adviser as to the suitability of this high risk trade for your own particular portfolio.