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After Yesterday's Rally of 1.22% Shares Could Potentially Pullback

By Amy Schwartz

Papa John'S Intl (:PZZA) traded in a range yesterday that spanned from a low of $52.93 to a high of $54.22. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $53.45 on volume of 345,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Papa John'S Intl have traded between a low of $38.29 and a high of $60.56 and are now at $53.91, which is 41% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 0.9%.

SmarTrend recommended that subscribers consider buying shares of Papa John'S Intl on August 27th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $46.86. Since that recommendation, shares of Papa John'S Intl have risen 14.0%. We continue to monitor PZZA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders :pzza papa john's intl

Ticker(s): PZZA