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After Yesterday's Decline of 18.98%, Party City Holdc Offers Investors Better Value

By Amy Schwartz

Party City Holdc (NYSE:PRTY) traded in a range yesterday that spanned from a low of $1.61 to a high of $1.96. Yesterday, the shares fell 19.0%, which took the trading range below the 3-day low of $2.06 on volume of 9.9 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Party City Holdc share prices have been bracketed by a current low of $1.61 and a high of $12.37 and are now at $1.75. The 200-day and 50-day moving averages have moved 1.89% lower and 2.58% lower over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in Party City Holdc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Party City Holdc in search of a potential trend change.

Keywords: rebounders party city holdc

Ticker(s): PRTY