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SmarTrend Watching for Potential Rebound in Shares of Papa John'S Intl After 2.67% Loss

By Amy Schwartz

Papa John'S Intl (:PZZA) traded in a range yesterday that spanned from a low of $43.69 to a high of $45.60. Yesterday, the shares fell 2.7%, which took the trading range below the 3-day low of $44.12 on volume of 476,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is tracking the current trend status for Papa John'S Intl and will alert subscribers who have PZZA in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, shares of Papa John'S Intl have traded between a low of $38.29 and a high of $60.56 and are now at $44.34, which is 16% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 0.4%.

Keywords: rebounders :pzza papa john's intl

Ticker(s): PZZA