SmarTrend's Trend Spotter See Continued Upward Momentum on Shares of PetSmart (PETM)
Tuesday, March 16, 2010 - 13:29
Written on Tue, 03/16/2010 - 1:29pm
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 20.8% as of today's recent price of $31.31.
PetSmart is currently above its 50-day moving average of $27.24 and above its 200-day moving average of $24.05. 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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