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SmarTrend Watching for Potential Rebound in Shares of Party City Holdc After 5.97% Loss

By James Quinn

Party City Holdc (NYSE:PRTY) traded in a range yesterday that spanned from a low of $1.64 to a high of $1.78. Yesterday, the shares fell 6.0%, which took the trading range below the 3-day low of $1.73 on volume of 2.9 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Party City Holdc have traded between a low of $1.61 and a high of $12.37 and are now at $1.66, which is 3% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 1.9% while the 50-day MA has declined 3.1%.

SmarTrend is tracking the current trend status for Party City Holdc and will alert subscribers who have PRTY in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders party city holdc

Ticker(s): PRTY