PetSmart Bulls in Charge

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PetSmart Bulls in Charge

Published on Wednesday, 28 December 2011 11:34 Written by Christian Paolinetti

petm New York, December 28th (TradersHuddle.com) - Shares of PetSmart, Inc. (NASDAQ:PETM) booked a new 52 week high today by trading above $52.53, traders are definitely monitoring PetSmart's price action to see if this move attracts further buying into the stock.

PetSmart, Inc. (NASDAQ:PETM) is a specialty retailer of products and services for pets. The Company operates pet superstores in the United States and Canada and provides pet food and supplies, and offers full-service veterinary, grooming and pet training services.

PetSmart is currently trading -1.24% versus its previous trading session close, and it has calculated support and resistance at $45.27 and $51.99 respectively. Clearly with this action this range has been penetrated, and traders will be reviewing price action to establish a new tradable range

The overall market index S&P 500 is trading lower by -0.93% from its previous trading close, which means that PetSmart stock is underperforming the overall market.

PetSmart Jumps on Q1 Earnings Results - Benzinga
Earnings Preview: Will PetSmart Surprise Analysts Again? - Benzinga
PetSmart Inc. (PETM): Today's Featured Specialty Retail Winner - TheStreet.com
PetSmart Inc. (PETM): Today's Featured Specialty Retail Loser - TheStreet.com
PetSmart Reaches New 52-Week High (PETM) - TheStreet.com
PetSmart Stock To Go Ex-dividend Tomorrow (PETM) - TheStreet.com
UPDATE: Goldman Sachs Ups PT to $56 on PetSmart - Benzinga
Stock Market Story: March 1 - TheStreet.com
UPDATE: Deutsche Bank Raises PT to $53 on PetSmart - Benzinga
Might Have to Tighten the Leash - TheStreet.com

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