• Return to Headlines

Look for Shares of Pricesmart Inc to Potentially Rebound after Yesterday's 4.10% Sell Off

By David Diaz

Pricesmart Inc (NASDAQ:PSMT) traded in a range yesterday that spanned from a low of $62.31 to a high of $64.61. Yesterday, the shares fell 4.1%, which took the trading range below the 3-day low of $63.47 on volume of 86,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that its subscribers protect gains by selling shares of Pricesmart Inc on October 30th, 2018 by issuing a Downtrend alert when the shares were trading at $68.61. Since that call, shares of Pricesmart Inc have fallen 5.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

In the past 52 weeks, shares of Pricesmart Inc have traded between a low of $63.47 and a high of $94.45 and are now at $65.21, which is 3% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 1.4%.

Keywords: rebounders pricesmart inc

Ticker(s): PSMT