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Watch for Ptc Inc to Potentially Rebound After Falling 2.90% Yesterday

By James Quinn

Ptc Inc (NASDAQ:PTC) traded in a range yesterday that spanned from a low of $84.04 to a high of $87.76. Yesterday, the shares fell 2.9%, which took the trading range below the 3-day low of $84.21 on volume of 139,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is tracking the current trend status for Ptc Inc and will alert subscribers who have PTC in their portfolio or watchlist when shares have changed trend direction.

Ptc Inc share prices have moved between a 52-week high of $107.44 and a 52-week low of $59.40 and are now trading 47% above that low price at $87.52 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 1% while the 200-day MA has risen 0.3%.

Keywords: rebounders ptc inc

Ticker(s): PTC