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Look for Shares of Ptc Inc to Potentially Rebound after Yesterday's 1.24% Sell Off

By Shiri Gupta

Ptc Inc (NASDAQ:PTC) traded in a range yesterday that spanned from a low of $56.92 to a high of $58.05. Yesterday, the shares fell 1.2%, which took the trading range below the 3-day low of $57.12 on volume of 646,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Ptc Inc share prices have moved between a 52-week high of $60.22 and a 52-week low of $34.68 and are now trading 65% above that low price at $57.25 per share. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 1.4%.

SmarTrend recommended that subscribers consider buying shares of Ptc Inc on May 2nd, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $55.01. Since that recommendation, shares of Ptc Inc have risen 5.6%. We continue to monitor PTC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders ptc inc

Ticker(s): PTC