PTC (PMTC)

Company

"PTC provides leading Product Lifecycle Management (PLM) software solutions to more than 35,000 companies worldwide. PTC customers include many of the world's most innovative manufacturing companies in the aerospace & defense, automotive, consumer, electronics & high technology, industrial equipment and medical products industries. PTC is included in the S&P 500 and Russell 2000 indices. " (company website)

PMTC stock chart

Buy

2-Jun-05. PTC reversed a four-month downtrend in May and has been climbing sharply (see sidebar). With yesterday's jump, PMTC seems to have jumped to a new level.

  • Price momentum (PPO) — increasing steadily for past month
  • Trend (ADX) — picking up strength rapidly, with buying pressure (+DI) widening gap over selling pressure (-DI)
  • Money flow (CMF) — strongly positive
  • Relative strength (RSI) — increasingly steadily for past six weeks

It may prove out that I bought in too soon. The stochastic RSI is pointed down. But, the chart shows enough strength that I should be able to weather a bit of choppiness.

Sell

profit Bottom line
+2.5%

15-Jun-05. I've been watching PMTC consolidate around $6.50 for the past nine sessions, licking my chops in anticipation of the day it would break out to the upside. Today it did jump up, but the jump to open was the end of the forward progress. It drifted lower most of the day and recovered enough to close at the same price as yesterday.

At the end of the day, I decided to sell, since warning flags are clearly visible in the chart: declining buying pressure (+DI), declining money flow (CMF), and flat momentum (PPO).

PMTC stock chart
PMTC 1-year chart