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Watch for Ptc Therapeutics to Potentially Pullback After Gaining 1.46% Yesterday

By Shiri Gupta

Ptc Therapeutics (NASDAQ:PTCT) traded in a range yesterday that spanned from a low of $34.91 to a high of $35.56. Yesterday, the shares gained 1.5%, which took the trading range above the 3-day high of $35.32 on volume of 200,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Ptc Therapeutics share prices have been bracketed by a low of $24.60 and a high of $52.95 and are now at $35.25, 43% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.5%.

SmarTrend recommended that subscribers consider buying shares of Ptc Therapeutics on February 22nd, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $32.15. Since that recommendation, shares of Ptc Therapeutics have risen 9.0%. We continue to monitor PTCT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders ptc therapeutics

Ticker(s): PTCT