Parsons Corporation is a leading technology-driven engineering services firm that provides innovative solutions to government and commercial customers worldwide. They specialize in areas such as defense, intelligence, infrastructure, cybersecurity, and environmental markets.

In terms of technical analysis, the stock of Parsons Corporation is currently trading in an uptrend. This indicates a consistent and sustained upward movement in the stock price over a period of time. An uptrend suggests that the market sentiment is positive, with buyers outnumbering sellers.

Furthermore, if the stock price of Parsons Corporation is above the level of 78, it indicates a higher bias toward reaching 112. This suggests that the stock has the potential to continue its upward momentum and potentially reach the target price of 112.

Investors and traders may consider this uptrend and the bias toward 112 as a positive signal for potential investment or trading opportunities. However, it is important to conduct further analysis and monitor key technical indicators to confirm the strength of the trend and make informed decisions.