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Ptc Inc Rises 1.80% on Heavy Volume: Watch For Potential Pullback

By David Diaz

Ptc Inc (NASDAQ:PTC) traded in a range yesterday that spanned from a low of $97.15 to a high of $98.88. Yesterday, the shares gained 1.8%, which took the trading range above the 3-day high of $98.74 on volume of 511,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Ptc Inc share prices have moved between a 52-week high of $100.79 and a 52-week low of $52.20 and are now trading 89% above that low price at $98.75 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.0% while the 200-day MA has risen 0.8%.

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

Keywords: rebounders ptc inc

Ticker(s): PTC