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Shares of Ptc Inc Rise to a New 52-Week High

By Amy Schwartz

Shares of Ptc Inc (NASDAQ:PTC) traded today at $106.08, breaking its 52-week high. Approximately 77,000 shares have changed hands today, as compared to an average 30-day volume of 828,000 shares.

Ptc Inc (NASDAQ:PTC) is currently priced 18.5% above its average consensus analyst price target of $86.38. The stock should find initial support at its 50-day moving average (MA) of $96.24 and further support at its 200-day MA of $81.82.

PTC Inc. develops and delivers technology solutions, comprised of software and services. The Company's technology is primarily used by discrete manufacturers to design, operate, and maintain complex products. PTC's technology is also used to connect products to the Internet for purposes of capturing and analyzing information from them.

Ptc Inc share prices have moved between a 52-week high of $106.08 and a 52-week low of $54.37 and are now trading 95% above that low price at $106.00 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has advanced 0.6%.

SmarTrend recommended that subscribers consider buying shares of Ptc Inc on August 29th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $98.25. Since that recommendation, shares of Ptc Inc have risen 6.8%. We continue to monitor PTC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows ptc inc

Ticker(s): PTC