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Watch for Pdc Energy Inc to Potentially Rebound After Falling 2.40% Yesterday

By Amy Schwartz

Pdc Energy Inc (NASDAQ:PDCE) traded in a range yesterday that spanned from a low of $43.86 to a high of $45.87. Yesterday, the shares fell 2.4%, which took the trading range below the 3-day low of $44.67 on volume of 678,000 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 Pdc Energy Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Pdc Energy Inc in search of a potential trend change.

Pdc Energy Inc share prices have moved between a 52-week high of $66.20 and a 52-week low of $40.62 and are now trading 10% above that low price at $44.66 per share. The 200-day and 50-day moving averages have moved 0.31% lower and 1.16% lower over the past week, respectively.

Keywords: rebounders pdc energy inc

Ticker(s): PDCE