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Bearish Moving Average Cross by Zoetis Inc (ZTS)

By James Quinn

Zoetis Inc (NYSE:ZTS) shares have crossed bearishly below their 10-day moving average of $97.57 on a volume of 103K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Zoetis Inc has traded in a range of $77.00 to $99.64 and is now at $97.40, 26% above that low. The 200-day and 50-day moving averages have moved 0.39% higher and 1.53% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Zoetis Inc on December 31st, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $85.10. Since that recommendation, shares of Zoetis Inc have risen 15.1%. We continue to monitor ZTS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses zoetis inc

Ticker(s): ZTS