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After Yesterday's Decline of 2.36%, Piedmont Offic-A Offers Investors Better Value

By Nick Russo

Piedmont Offic-A (NYSE:PDM) traded in a range yesterday that spanned from a low of $17.36 to a high of $17.89. Yesterday, the shares fell 2.4%, which took the trading range below the 3-day low of $17.74 on volume of 1.0 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, Piedmont Offic-A share prices have been bracketed by a current low of $17.36 and a high of $23.07 and are now at $17.57. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.0% while the 200-day MA has risen 0.2%.

SmarTrend recommended that its subscribers protect gains by selling shares of Piedmont Offic-A on May 16th, 2017 by issuing a Downtrend alert when the shares were trading at $21.04. Since that call, shares of Piedmont Offic-A have fallen 14.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders piedmont offic-a

Ticker(s): PDM