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After Yesterday's Decline of 60.03%, Party City Holdc Offers Investors Better Value

By Nick Russo

Party City Holdc (NYSE:PRTY) traded in a range yesterday that spanned from a low of $2.32 to a high of $3.29. Yesterday, the shares fell 60.0%, which took the trading range below the 3-day low of $5.41 on volume of 17.5 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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.

In the past 52 weeks, Party City Holdc share prices have been bracketed by a current low of $2.32 and a high of $12.37 and are now at $2.59. Over the past week, the 200-day moving average (MA) has gone down 1.1% while the 50-day MA has advanced 1.0%.

Keywords: rebounders party city holdc

Ticker(s): PRTY