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Proofpoint Inc Rises 1.98% on Heavy Volume: Watch For Potential Pullback

By Amy Schwartz

Proofpoint Inc (NASDAQ:PFPT) traded in a range yesterday that spanned from a low of $123.71 to a high of $126.24. Yesterday, the shares gained 2.0%, which took the trading range above the 3-day high of $123.34 on volume of 512,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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

Proofpoint Inc share prices have moved between a 52-week high of $130.27 and a 52-week low of $75.92 and are now trading 66% above that low price at $125.76 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.8%.

Keywords: rebounders proofpoint inc

Ticker(s): PFPT