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Ptc Therapeutics Crosses Below its 10-day MA (PTCT)

By Nick Russo

Today, shares of Ptc Therapeutics (NASDAQ:PTCT) have fallen below their 10-day MA of $40.98 on a volume of 118K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Ptc Therapeutics share prices have moved between a 52-week high of $52.95 and a 52-week low of $27.53 and are now trading 47% above that low price at $40.52 per share. The 200-day and 50-day moving averages have moved 0.11% lower and 0.72% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Ptc Therapeutics on February 22nd, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $32.15. Since that recommendation, shares of Ptc Therapeutics have risen 29.7%. We continue to monitor PTCT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses ptc therapeutics

Ticker(s): PTCT