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Thursday, April 5, 2012

Surprising Price Movement Detected - (NASDAQ: PMTC)

Parametric Technology Corporation (NASDAQ: PMTC): fell by 20.33% or $-5.53/share to $21.67. In the past year, the shares have traded as low as $14.25 and as high as $28.95. On average, 1415450 shares of PMTC exchange hands on a given day and today's volume is recorded at 322443. The shares are currently trading below the 200-day moving average which indicates that the shares have been suffering from downward momentum lately. The stock may bounce higher to test the 200-day moving average, so look for a move up to the $21.82 area where the stock may encounter resistance.