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25.3% Return Seen to Date on SmarTrend PetSmart Call (PETM)
Feb 14, 2012 (SmarTrend(R) Spotlight via COMTEX) --
SmarTrend identified an Uptrend for PetSmart (NASDAQ:PETM) on October 12th, 2011 at $44.07. In approximately 4 months, PetSmart has returned 25.31% as of today's recent price of $55.22.
In the past 52 weeks, PetSmart share prices have been bracketed by a low of $37.76 and a high of $55.80 and are now at $55.22, 46% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.8%.
PetSmart, Inc. is a specialty retailer of products and services for pets. The Company operates pet superstores in the United States and Canada, as well as a pet supply catalog business, and an equity interest in PetSmart.com. PetSmart provides pet food and supplies, and offers full-service veterinary, grooming and pet training services.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of PetSmart shares.Log in and add PetSmart (PETM) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.
Write to Chip Brian at cbrian@mysmartrend.com
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SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com
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