The 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.
PETQ: PetIQ, Inc. 2022-09-06 08:00:00 PetIQ, Inc. Announces $30 Million Stock Repurchase Program
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 pets served in 2019 The company's products include 6 main brands and...
After 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 the old ATH to above $50+. 2nd alternative would be a...
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.
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 only 16.5% (a competitor, PETS gross margin is 25.5%, and their...
Contextual 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 $23,54; Information about stop-loss and take-profits will be...
Any thoughts on the wisdom of the 'Pet' space? Do success models go private?