• Return to Headlines

After Yesterday's Rally of 1.95% Shares Could Potentially Pullback

By Amy Schwartz

Patterson Cos (NASDAQ:PDCO) traded in a range yesterday that spanned from a low of $22.90 to a high of $23.73. Yesterday, the shares gained 1.9%, which took the trading range above the 3-day high of $23.51 on volume of 926,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Patterson Cos share prices have moved between a 52-week high of $50.05 and a 52-week low of $21.09 and are now trading 12% above that low price at $23.68 per share. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 0.3%.

SmarTrend recommended that its subscribers protect gains by selling shares of Patterson Cos on December 6th, 2017 by issuing a Downtrend alert when the shares were trading at $33.99. Since that call, shares of Patterson Cos have fallen 32.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders patterson cos

Ticker(s): PDCO