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Petmed Express Set to Possibly Rebound After Yesterday's Selloff of 4.93%

By Nick Russo

Petmed Express (NASDAQ:PETS) traded in a range yesterday that spanned from a low of $15.96 to a high of $17.15. Yesterday, the shares fell 4.9%, which took the trading range below the 3-day low of $16.70 on volume of 321,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that its subscribers protect gains by selling shares of Petmed Express on May 6th, 2019 by issuing a Downtrend alert when the shares were trading at $20.43. Since that call, shares of Petmed Express have fallen 16.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

In the past 52 weeks, Petmed Express share prices have been bracketed by a low of $15.00 and a high of $38.90 and are now at $16.10, 7% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has declined 0.2%.

Keywords: rebounders petmed express

Ticker(s): PETS