• Return to Headlines

SmarTrend Watching for Potential Rebound in Shares of Ptc Inc After 2.84% Loss

By Amy Schwartz

Ptc Inc (NASDAQ:PTC) traded in a range yesterday that spanned from a low of $62.40 to a high of $64.07. Yesterday, the shares fell 2.8%, which took the trading range below the 3-day low of $63.52 on volume of 428,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Ptc Inc has traded in a range of $62.05 to $102.47 and is now at $62.72, 1% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.3% while the 200-day MA has slid 0.3%.

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.

Keywords: rebounders ptc inc

Ticker(s): PTC