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Watch for Party City Holdc to Potentially Rebound After Falling 3.58% Yesterday

By David Diaz

Party City Holdc (NYSE:PRTY) traded in a range yesterday that spanned from a low of $14.40 to a high of $15.10. Yesterday, the shares fell 3.6%, which took the trading range below the 3-day low of $15.00 on volume of 4.2 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Party City Holdc has traded in a range of $9.50 to $19.10 and is now at $14.68, 54% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 3.0% while the 200-day MA has slid 1%.

SmarTrend recommended that subscribers consider buying shares of Party City Holdc on November 17th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $12.44. Since that recommendation, shares of Party City Holdc have risen 23.4%. We continue to monitor PRTY for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders party city holdc

Ticker(s): PRTY