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Pgt Innovations Falls 11.43% on Heavy Volume: Watch For Potential Rebound

By Shiri Gupta

Pgt Innovations (NYSE:PGTI) traded in a range yesterday that spanned from a low of $14.56 to a high of $15.42. Yesterday, the shares fell 11.4%, which took the trading range below the 3-day low of $15.35 on volume of 312,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Pgt Innovations have traded between a low of $13.30 and a high of $22.35 and are now at $15.42, which is 16% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.5%.

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

Keywords: rebounders pgt innovations

Ticker(s): PGTI