SmarTrend Detects Continued Buying Pressure in Shares of PetSmart (PETM)
Tuesday, March 9, 2010 - 12:21
Written on Tue, 03/09/2010 - 12:21pm
By Chip Brian

SmarTrend identified an Uptrend for PetSmart (NASDAQ:PETM) on October 15, 2009 at $25.91. In approximately 5 months, PetSmart has returned 15.6% as of today's recent price of $29.96.
PetSmart is currently above its 50-day moving average of $26.84 and above its 200-day moving average of $23.76. Look for these moving averages to climb to confirm the company's upward momentum.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of PetSmart shares.

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