More Upside for PetSmart ?

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More Upside for PetSmart ?

Published on Thursday, 12 January 2012 11:34 Written by TradersHuddle Staff

petm New York, January 12th (TradersHuddle.com) - Shares of PetSmart, Inc. (NASDAQ:PETM) booked a new 52 week high today by trading above $52.63, 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 0.1% versus its previous trading session close, and it has calculated support and resistance at $45.27 and $52.62 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 -0.29% from its previous trading close, which means that PetSmart stock is outperforming the overall market.

PetSmart Stock Gaps Up On Today's Open (PETM) - TheStreet.com
PetSmart Up Over 11% on Strong Earnings and Guidance - Benzinga
UPDATE: Piper Jaffray Reiterates Overweight Rating, Raises PT for PetSmart - Benzinga
UPDATE: Wedbush Reiterates Outperform Rating, Raises PT for PetSmart - Benzinga
UPDATE: Jefferies Raises PT to $57 on PetSmart on Strong Start with Q1 - Benzinga
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

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