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Petmed Express Falls 1.65% on Heavy Volume: Watch For Potential Rebound

By Amy Schwartz

Petmed Express (NASDAQ:PETS) traded in a range yesterday that spanned from a low of $21.90 to a high of $22.33. Yesterday, the shares fell 1.7%, which took the trading range below the 3-day low of $22.11 on volume of 81,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is tracking the current trend status for Petmed Express and will alert subscribers who have PETS in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, shares of Petmed Express have traded between a low of $15.00 and a high of $27.80 and are now at $21.99, which is 47% above that low price. The 200-day and 50-day moving averages have moved 0.04% lower and 1.27% higher over the past week, respectively.

Keywords: rebounders petmed express

Ticker(s): PETS