Possible Trend Reversal, Portfolio Recovery Associates Down on Heavy Volume (PRAA)
The price of Portfolio Recovery Associates shares has slipped to $25.51 (a 17.2% change) on heavy trading volume. About 549,000 shares have been traded today, as compared to the 30-day average volume of 382,000 shares. Spikes in volume can validate a breakout or signify a potential turning point.
SmarTrend recommended that subscribers consider buying shares of Portfolio Recovery Associates on March 4th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $27.72. Since that recommendation, shares of Portfolio Recovery Associates have risen 11.2%. We continue to monitor PRAA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Portfolio Recovery Associates share prices have moved between a 52-week high of $64.82 and a 52-week low of $20.00 and are now trading 28% above that low price at $25.51 per share. Over the last five market days, the 200-day moving average (MA) has gone down 1.5% while the 50-day MA has advanced 1.2%.
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