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After Yesterday's Decline of 6.77%, Pgt Innovations Offers Investors Better Value

By Nick Russo

Pgt Innovations (NYSE:PGTI) traded in a range yesterday that spanned from a low of $22.15 to a high of $22.90. Yesterday, the shares fell 6.8%, which took the trading range below the 3-day low of $23.20 on volume of 3.1 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that subscribers consider buying shares of Pgt Innovations on February 20th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $17.37. Since that recommendation, shares of Pgt Innovations have risen 38.2%. We continue to monitor PGTI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Over the past year, Pgt Innovations has traded in a range of $13.05 to $26.40 and is now at $22.45, 72% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 1.0% while the 50-day MA has advanced 1.4%.

Keywords: rebounders pgt innovations

Ticker(s): PGTI