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Downtrend Call Working As Pricesmart Inc Stock Falls 6.3% (PSMT)

By Nick Russo

SmarTrend identified a Downtrend for Pricesmart Inc (NASDAQ:PSMT) on April 23rd, 2019 at $58.43. In approximately 3 weeks, Pricesmart Inc has returned 6.26% as of today's recent price of $54.77.

In the past 52 weeks, Pricesmart Inc share prices have been bracketed by a current low of $54.74 and a high of $94.45 and are now at $54.77. Over the past week, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has declined 1.1%.

PriceSmart, Inc. owns and manages international merchandising businesses. The Company licenses and owns membership stores using the trade name PriceSmart and PriceCostco. PriceSmart's international market consists of Latin America and Asia. The Company also operates domestic merchandising programs, including its Auto Referral Program and its Travel Program.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Pricesmart Inc.

Log in and add Pricesmart Inc (PSMT) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights pricesmart inc

Ticker(s): PSMT