Platinum Prices for March 4th, 2011

Post date: Sep 15, 2009 10:17:44 PM

Mar 04, 2011 (SmarTrend(R) News Watch via COMTEX) -- Shares of Platinum Underwriters Holdings (NYSE:PTP) are trading down 2.2% to $40.39 today on above average volume. Approximately 643,000 shares have traded hands today vs. average 30-day volume of 316,000 shares.

Spikes in volume can validate a breakout or signify a potential turning point. As such, SmarTrend will continue to monitor shares of PTP to see if this bearish momentum will continue.

SmarTrend currently has shares of Platinum Underwriters Holdings in an Downtrend and issued the Downtrend alert on February 09, 2011 at $43.56. The stock has fallen 5.2% since the Downtrend alert was issued.

In the last five trading sessions, the 50-day MA has fallen 0.7% while the 200-day MA has risen 0.17%.

In the past 52 weeks, shares of Platinum Underwriters Holdings have traded between a low of $35.06 and a high of $46.42 and are now at $40.53, which is 16% above that low price.