• Return to Headlines

Perkinelmer Inc Set to Possibly Rebound After Yesterday's Selloff of 7.16%

By Nick Russo

Perkinelmer Inc (NYSE:PKI) traded in a range yesterday that spanned from a low of $86.76 to a high of $89.78. Yesterday, the shares fell 7.2%, which took the trading range below the 3-day low of $94.10 on volume of 1.4 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that subscribers consider buying shares of Perkinelmer Inc on June 6th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $90.71. Since that recommendation, shares of Perkinelmer Inc have risen 5.1%. We continue to monitor PKI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Perkinelmer Inc share prices have moved between a 52-week high of $103.00 and a 52-week low of $71.83 and are now trading 23% above that low price at $88.51 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.4%.

Keywords: rebounders perkinelmer inc

Ticker(s): PKI