Parsons Corp. ( PSN) provides "engineering and software services for cybersecurity, intelligence, defense, military training, connected communities, physical infrastructure, and mobility solutions." Let's check out the charts and indicators after its latest earnings report.
In the daily bar chart of PSN, below, we can see a strong rally from February. The shares moved sideways to higher from April to the middle of October when prices started a new "leg" higher. 
The On-Balance-Volume (OBV) line has made a new high to confirm the new high in price and tells us that buyers of PSN are more aggressive than sellers. The Moving Average Convergence Divergence (MACD) oscillator is in a very bullish alignment above the zero line.
In the weekly Japanese candlestick chart of PSN, below, we can see that the shares have recently broken out over the highs of 2020 and 2021. PSN trades above the rising 40-week moving average line.
The OBV line and the MACD oscillator are bullish.
In this daily Point and Figure chart of PSN, below, we can see the recent upside breakout and a price target in the $60 area.
In this weekly Point and Figure chart of PSN, below, we can see the same price target of $60 as the daily chart shows.
Bottom-line strategy: Traders could probe the long side of PSN on a one or two shallow dip. Risk below $43. The $60 area is our price target.
