PRGX is an Unusual Suspect. The stock showed up for the first time on the Unusual Suspect scan yesterday (having jumped 67% on over 19 times average volume). Folks who study my lists daily no doubt remember that PRGX made the Notable New Lows list all through late October and early November.

“PRG-Schultz International, Inc. and its subsidiaries provide recovery audit services to large and mid-size businesses worldwide. It operates through two segments, Accounts Payable Services and Meridian VAT Reclaim. The Accounts Payable Services segment provides services that entail the review of client accounts payable disbursements to identify and recover overpayments. It conducts business in North America, South America, Europe, Australia, Africa, and Asia. The Meridian VAT Reclaim segment specializes in the recovery of value-added taxes (VAT) paid on business expenses for corporate clients. It provides outsourced services, such as VAT reclaim process, audit and invoice retrieval, preparation and submission of VAT claims, and the subsequent collection of refunds from the relevant VAT authorities.”

The chart below is the one that Dummies care about. Once the scanner picks up an Unusual Suspect (a stock that is both unusually active and volatile), it’s just a matter of watching it for low-risk spots.