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Watch for Party City Holdc to Potentially Rebound After Falling 4.25% Yesterday

By James Quinn

Party City Holdc (NYSE:PRTY) traded in a range yesterday that spanned from a low of $15.03 to a high of $15.45. Yesterday, the shares fell 4.2%, which took the trading range below the 3-day low of $15.30 on volume of 3.2 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is monitoring the recent change of momentum in Party City Holdc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Party City Holdc in search of a potential trend change.

In the past 52 weeks, shares of Party City Holdc have traded between a low of $9.50 and a high of $16.95 and are now at $15.22, which is 60% above that low price. The 200-day and 50-day moving averages have moved 0.59% higher and 0.56% higher over the past week, respectively.

Keywords: rebounders party city holdc

Ticker(s): PRTY