Johnson Service Group (JSG) - Breakout from trading range

You can see that Johnson Service Group (JSG) has clearly broken out of the trading range that has been constraining it for some weeks, see Graph below.

The next likely resistance level is 36.5p, the closing price on 7th May 2008, when JSG hit a "minor high", before reversing to begin its final downtrend leg. Since hitting its low (5.25p on 17th February 2009), it has been gradually creeping upwards in a typical step/stutter fashion.

With earnings (eps) forecast to nearly double in the current year, ending 31st December 2010, and a PEG of 0.16, prospects look to be improving for this turnaround candidate.

We believe that this share, in a typical "boring" Company - unloved by the City, is likely to undergo a significant re-rating over the next twelve months. What do you think?