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Patrick Inds Inc Crosses Above its 10-day MA (PATK)

By Shiri Gupta

Today, shares of Patrick Inds Inc (NASDAQ:PATK) have advanced above their 10-day MA of $54.95 on a volume of 348K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Patrick Inds Inc has traded in a range of $51.88 to $154.43 and is now at $58.20, 12% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

SmarTrend recommended that its subscribers protect gains by selling shares of Patrick Inds Inc on December 11th, 2017 by issuing a Downtrend alert when the shares were trading at $65.42. Since that call, shares of Patrick Inds Inc have fallen 18.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses patrick inds inc

Ticker(s): PATK