• Return to Headlines

Possible Bullish Inside Day Candle Pattern Detected for Zoetis Inc (NYSE:ZTS)

By James Quinn

SmarTrend's candlestick scanner has spotted a possible bullish inside day candle pattern in Zoetis Inc (NYSE:ZTS) based on the price action in the company's shares. Yesterday's price range of $121.60 and $122.49 is within the prior day's high and low of the day. This trading action often signifies indecision by bulls and bears to drive prices higher or lower and often implies a possible change in trend. Traders and investors interested in shares of Zoetis Inc may want to consider an appropriate entry level in the event a reversal to the upside transpires. It is important to look for confirmation.

Zoetis Inc (NYSE:ZTS) is currently priced 27.7% above its average consensus analyst price target of $88.00. Zoetis Inc shares have support at the 50-day moving average (MA) of $119.46 and additional support at the 200-day MA of $101.72.

Zoetis Inc discovers, develops, manufactures, and commercializes animal health medicines and vaccines, with a focus on both livestock and companion animals. The Company's products are sold in North America, Europe, Africa, Asia, Australia, and Latin America.

Zoetis Inc share prices have moved between a 52-week high of $130.08 and a 52-week low of $78.90 and closed yesterday at 54% above that low price at $121.69 per share. Over the past week, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has advanced 1.0%.

SmarTrend is monitoring the recent change of momentum in Zoetis Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Zoetis Inc in search of a potential trend change.

Keywords: bullish am inside day candle zoetis inc

Ticker(s): ZTS