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After Yesterday's Rally of 1.63% Shares Could Potentially Pullback

By Shiri Gupta

Ptc Therapeutics (NASDAQ:PTCT) traded in a range yesterday that spanned from a low of $28.87 to a high of $29.94. Yesterday, the shares gained 1.6%, which took the trading range above the 3-day high of $29.60 on volume of 395,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that subscribers consider buying shares of Ptc Therapeutics on January 5th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $17.99. Since that recommendation, shares of Ptc Therapeutics have risen 60.5%. We continue to monitor PTCT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Over the past year, Ptc Therapeutics has traded in a range of $4.03 to $31.25 and is now at $29.23, 625% above that low. Over the past week, the 200-day moving average (MA) has gone down 3.9% while the 50-day MA has declined 12.6%.

Keywords: rebounders ptc therapeutics

Ticker(s): PTCT