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Watch for Papa John'S Intl to Potentially Rebound After Falling 3.19% Yesterday

By David Diaz

Papa John'S Intl (:PZZA) traded in a range yesterday that spanned from a low of $60.41 to a high of $62.09. Yesterday, the shares fell 3.2%, which took the trading range below the 3-day low of $61.27 on volume of 328,000 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 Papa John'S Intl have traded between a low of $38.29 and a high of $64.06 and are now at $62.81, which is 64% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has risen 0.4%.

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.

Keywords: rebounders :pzza papa john's intl

Ticker(s): PZZA