PETQ - short positionThe resistance seems to be strong.
The price is creating higher lows.
Enter the short position and wait for the price to hit the target.
Stop loss is shown on the chart.
0.44USD
−48.208MUSD
921.513MUSD
27.128M
About PetIQ, Inc.
Sector
CEO
McCord Christensen
Headquarters
Eagle
Website
Employees (FY)
1.888K
Founded
2010
ISIN
US71639T1060
PetIQ, Inc. is a holding company, which engages in the manufacture, procurement, packaging, and distribution of pet health and wellness products. It operates through the Products and Services segments. The Products segment produces and distributes pet medication and health and wellness products to the retail channel. The Services segment represents all veterinary services, and related product sales provided by the firm directly to consumers. Its brands include Advecta, Betsy Farms, Delightibles, Tex Ranch, Mimis Market, and PetLock. The company was founded by McCord Christensen in 2010 and is headquartered in Eagle, ID.
PetIQ, Inc. Announces $30 Million Stock Repurchase ProgramPETQ: PetIQ, Inc.
2022-09-06 08:00:00 PetIQ, Inc. Announces $30 Million Stock Repurchase Program
Potential rocket 🚀 (veterinary)PetIQ, Inc. is a holding company that manufactures and distributes products and provides services for the health of pets. The company was founded in 2010 and is headquartered in Eagle, Idaho. The PetIQ network includes 3,400 inpatient clinics and 70,000 mobile, 100+ wellness centers, 1.2 million pet
PetIQ setback forecast before new All-Time-HighAfter a GAP-UP followed by a strong rallye in the last days the RSI seems overbought and the old ATH presents a strong resistance. However, volume is still quite high.
I could imagine that we will encouter a setback to the support zone between $38 - $40 before, fueling up and then crashing through
Quick jump coming?I think a move up is coming up shortly for PETQ. Also love the fundamentals of this company and is a LT hold for me. Let me know what you all think. Thanks.
PETQ Short Reasons for short :
-Double top pattern
-Excess debt, although they can meet debt obligations at this time .
-High Short float
-Eps this year is down
-Forward P/E at 25 is not amazing
-Price to free cash flow is over 50 .
-PETQ Profit margin is -10.1 at this time and gross margin is onl
$PETQ can fall in the next daysContextual immersion trading strategy idea.
PetIQ, Inc. operates as a pet medication and wellness company.
The share price fell after bad earnings. It looks like it will continue falling.
The demand for shares of the company still looks lower than the supply.
So I opened a short position from $2
See all ideas
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