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Patrick Inds Inc Down 10.9% Since SmarTrend Downtrend Call (PATK)

By James Quinn

SmarTrend identified a Downtrend for Patrick Inds Inc (NASDAQ:PATK) on May 1st, 2019 at $49.02. In approximately 2 weeks, Patrick Inds Inc has returned 10.91% as of today's recent price of $43.67.

In the past 52 weeks, Patrick Inds Inc share prices have been bracketed by a low of $27.32 and a high of $67.50 and are now at $43.67, 60% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has declined 0.4%.

Patrick Industries, Inc. manufactures and distributes building products for the manufactured housing, recreational vehicle, furniture manufacturing, marine, automotive aftermarket, and other industries. The Company manufactures vinyl and paper panels, cabinet doors, countertops, aluminum extrusions, drawer sides, pleated shades, wood adhesives, and laminating machines.

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

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

Keywords: spotlights patrick inds inc

Ticker(s): PATK