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Ptc Inc Rises 1.41% on Heavy Volume: Watch For Potential Pullback

By James Quinn

Ptc Inc (NASDAQ:PTC) traded in a range yesterday that spanned from a low of $67.10 to a high of $67.57. Yesterday, the shares gained 1.4%, which took the trading range above the 3-day high of $67.13 on volume of 516,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that its subscribers protect gains by selling shares of Ptc Inc on July 25th, 2019 by issuing a Downtrend alert when the shares were trading at $75.31. Since that call, shares of Ptc Inc have fallen 11.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

In the past 52 weeks, shares of Ptc Inc have traded between a low of $62.05 and a high of $107.44 and are now at $67.37, which is 9% above that low price. The 200-day and 50-day moving averages have moved 0.24% lower and 1.65% lower over the past week, respectively.

Keywords: rebounders ptc inc

Ticker(s): PTC