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Patterson Cos Rises 2.44% on Heavy Volume: Watch For Potential Pullback

By James Quinn

Patterson Cos (NASDAQ:PDCO) traded in a range yesterday that spanned from a low of $19.87 to a high of $20.10. Yesterday, the shares gained 2.4%, which took the trading range above the 3-day high of $19.65 on volume of 127,000 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 Patterson Cos have traded between a low of $15.73 and a high of $26.37 and are now at $19.92, which is 27% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 0.4%.

SmarTrend is tracking the current trend status for Patterson Cos and will alert subscribers who have PDCO in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders patterson cos

Ticker(s): PDCO