Parametric Technology Corp. (PMTC) - Overbought - views

Parametric Technology Corp. has hit a technical signal on 3 different technical indicators. PMTC is in the Technology sector. The technical signals indicate that the stock is Overbought right now. The 3 indicators: Commodity Channel Index, Relative Strength Index and the Fast Stochastics were all triggered based on the last closing price of $25.64 on 1/26/12.

There are currently 10 analysts covering the company. Of these analysts, 9 have a buy recommendation. The current consensus estimate for quarterly earnings among the 10 analysts covering the stock is $0.31 per share. Last quarter the company earned $0.43 per share. The consensus estimate for this years earnings is $1.51 per share as compared to the next years' expectation, of $1.77 per share. The consensus estimate for next years earnings is $1.77 per share, which represents forecast growth of 17.2%.

Over the last 52 weeks, the stock has been trading between $14.25 and $26.48. More recently in the last 4 weeks, the stock has been trading between $17.84 and $26.48. Yesterday the stock traded between $23.03 and $26.48. The stock currently has a PE ratio of 26.8.

Parametric Technology Corp. is trading 30.0% from its 20-day simple moving average (SMA) of $19.72 and 29.0% from its 50-day SMA and 27.33% from its 200-day SMA. Average daily volume over the last 30 days has been 1,226,160 shares.

At yesterdays close: the RSI was at 82.6, the CCI was at 279.1 and the Fast Stochastic was at 90.3. PMTC closed yesterday at $25.64, on volume of 6,918,500 shares as compared to an average volume of 1,226,160 over the last 4 weeks.

Parametric Technology Corporation develops, markets, and supports product lifecycle management (PLM) software solutions and services that help companies design products, manage product information, and enhance product development processes worldwide. Its PLM solutions comprise Windchill, an Internet-based content and process management solution for managing data and relationships, processes, and publications; Arbortext, an enterprise solution to manage complex information assets that enhance their customer support and service center information delivery processes; Creo View, which enables enterprise-wide visualization, verification, annotation, and automated comparison of various product development data formats; and Integrity that coordinates and manages various activities and artifacts associated with developing software-intensive products. The companyÂ’s desktop solutions include Creo Parametric, a family of three-dimensional product design solutions based on a parametric, feature-based solid modeler that enables changes made during the design process to be associatively updated throughout the design; Creo Elements/Direct, a family of computer aided design and collaboration software used for customers to meet short design cycles and to create product designs; Mathcad, an engineering calculation software solution, which combines a computational engine, accessed through conventional math notation, and with a full-featured word processor and graphing tools; and Arbortext to help customers improve documentation accuracy, speed time to market, reduce translation requirements, and lower publishing costs. In addition, it provides consulting, implementation, training, maintenance, and computer-based training products. Parametric Technology sells its products and services through direct sales force and third-party resellers and other strategic partners. The company was founded in 1985 and is headquartered in Needham, Massachusetts.

Technical Indicators should be used as the starting point for further analysis. These indicators are provided as a guide to help you determine what assets to analyze. The technical indicators used in this article can indicate that an asset is either overbought or oversold, but that indication could be the result of a fundamental or other type of event like an earnings announcement.

To learn more about technical analysis, please refer to our technical analysis primer.