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Recent 52-Week High Exceeded in Shares of Zoetis Inc (ZTS)

By Amy Schwartz

Zoetis Inc (NYSE:ZTS) traded at a new 52-week high today of $114.11. Approximately 180,000 shares have changed hands today, as compared to an average 30-day volume of 1.9 million shares.

Zoetis Inc (NYSE:ZTS) defies analysts with a current price ($113.54) 22.5% above its average consensus price target of $88.00. Zoetis Inc shares have support at the 50-day moving average (MA) of $103.61 and additional support at the 200-day MA of $93.93.

In the past 52 weeks, Zoetis Inc share prices have been bracketed by a low of $78.90 and a high of $114.11 and are now at $113.54, 44% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has risen 0.4%.

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.

SmarTrend recommended that subscribers consider buying shares of Zoetis Inc on May 3rd, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $102.59. Since that recommendation, shares of Zoetis Inc have risen 10.5%. We continue to monitor ZTS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows zoetis inc

Ticker(s): ZTS