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Petmed Express Looks to Continue to Trade Below its Annual-Low Share Price Today

By David Diaz

Shares of Petmed Express (NASDAQ:PETS) traded at a new 52-week low today of $28.89. Approximately 127,000 shares have changed hands today, as compared to an average 30-day volume of 513,000 shares.

Petmed Express (NASDAQ:PETS) has potential upside of 47.0% based on a current price of $29.02 and analysts' consensus price target of $42.67. The stock should run into initial resistance at its 50-day moving average (MA) of $35.74 and subsequent resistance at its 200-day MA of $40.40.

PetMed Express, Inc. is a pet pharmacy. The Company offers prescription and non-precription pet medications, as well as health and nutritional supplements. PetMed Express offers its products via telephone, fax, mail, and the internet to customers throughout the United States.

In the past 52 weeks, Petmed Express share prices have been bracketed by a current low of $28.89 and a high of $57.80 and are now at $29.02. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.1% while the 200-day MA has slid 0.6%.

SmarTrend recommended that its subscribers protect gains by selling shares of Petmed Express on July 9th, 2018 by issuing a Downtrend alert when the shares were trading at $38.28. Since that call, shares of Petmed Express have fallen 23.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows petmed express

Ticker(s): PETS