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Ptc Inc: The Losing Streak Continues (PTC)

By Amy Schwartz

Shares of Ptc Inc (NASDAQ:PTC) traded at a new 52-week low today of $63.64. This new low was reached on below average trading volume as 207,000 shares traded hands, while the average 30-day volume is approximately 1.6 million shares.

In the past 52 weeks, shares of Ptc Inc have traded between the current low of $63.64 and a high of $107.44 and are now at $63.64. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has declined 1.3%.

There is potential upside of 35.7% for shares of Ptc Inc based on a current price of $63.64 and an average consensus analyst price target of $86.38. Ptc Inc shares should first meet resistance at the 50-day moving average (MA) of $82.91 and find additional resistance at the 200-day MA of $86.64.

PTC Inc. operates as software and services company in Americas, Europe, and the Asia Pacific. The company operates in two segments, Software Products and Professional Services. It offers ThingWorx, an industrial innovation platform to develop and deploy industrial Internet of Things applications; and KEPServerEX solution to provide communications connectivity for industrial automation environments to connect, manage, monitor, and control disparate devices and software applications.

SmarTrend recommended that its subscribers protect gains by selling shares of Ptc Inc on July 25th, 2019 by issuing a Downtrend alert when the shares were trading at $75.31. Since that call, shares of Ptc Inc have fallen 12.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows ptc inc

Ticker(s): PTC