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Recent 52-Week High Exceeded in Shares of PetMed Express (PETS)

By David Diaz

Shares of PetMed Express (NASDAQ:PETS) traded at a new 52-week high today of $35.88. So far today approximately 65,000 shares have been exchanged, as compared to an average 30-day volume of 149,000 shares.

PetMed Express, Inc. is a pet pharmacy. The Company offers prescription and nonprecription 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.

PetMed Express (NASDAQ:PETS) defies analysts with a current price ($35.88) 55.4% above its average consensus price target of $16.00. PetMed Express shares have support at the 50-day moving average (MA) of $17.58 and additional support at the 200-day MA of $16.99.

PetMed Express share prices have moved between a 52-week high of $35.88 and a 52-week low of $14.53 and are now trading 147% above that low price at $35.88 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of PetMed Express on April 6th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $20.94. Since that recommendation, shares of PetMed Express have risen 70.2%. We continue to monitor PETS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows petmed express

Ticker(s): PETS