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Jan 11, 2020 3:47 PM

Patterson Companies reversal trade Long

Patterson Companies, Inc.NASDAQ

Description

Entry level $22.30 = Target price $27.30 = Stop loss $21.12
Levels of Interest = $23.75 downtrend line
RSi in strong uptrend.
MACD reversing bullishly
P/E ratio = 36.80
Short interest = 17.15% very high
Average Recommendation:Hold Average Target Price:$20.73
BUY 3
OVERWEIGHT 0
HOLD 8
SELL 4

Company profile
Patterson Cos., Inc. engages in dental and animal health supplies. It operates through the following segments: Dental, Animal Health, and Corporate. The Dental segment provides a virtually complete range of consumable dental products, equipment and software, turnkey digital solutions an value-added services to dentists and dental laboratories. The Animal Health segment distributes animal health products, services and technologies to both the production-animal and companion-pet markets. The Corporate segment comprises general and administrative expenses, including home office support costs in areas such as information technology, finance, legal, human resources and facilities. The company was founded by John Patterson and Myron Fayette Patterson in 1877 and is headquartered in St. Paul, MN.

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