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PetMed Express, Inc.PetMed Express, Inc.PetMed Express, Inc.

PetMed Express, Inc.

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PETS trade ideas

PetMed Express, Inc.shooting up 400% ??On the above 15 day chart price action has corrected 90% since late 2020. A number of reasons now exist to be long, they include: 1) Price action and RSI resistance breakouts. 2) MFI resistance breakout, in other words volume or money flow is increasing. Follow the money. Someone knows something I don't. 3) Support on past resistance. Over the last 20 years price action has respected the 4.90 level as strong support. 4) No stock splits. 5) 9.2% short interest. 6) Price 400% to channel resistance. It is possible price continues to correct? Sure. Is it probable? No. Ww Type: trade Risk: you decide Timeframe for long: Earnings report today! Stop loss: Will say elsewhere
NASDAQ:PETSLong
by without_worries
1
PETS: An Ugly Chart with a Potential Comeback StoryPetMed Express, Inc. ( NASDAQ:PETS ) has faced a challenging couple of years, with the stock price declining from a high of approximately $50 to penny-stock territory under $5. The company has struggled with customer acquisition due to intense competition. While challenges persist, there appears to be potential for a rebound. On April 29th, Sandra Campos was named the new CEO. Sandra Campos is a Board Member, 3x CEO, 2x entrepreneur, and advisor in retail, CPG, and technology. Throughout her career as a consumer focused operator, she has built global lifestyle brands and has been instrumental in turnarounds, digital transformations, innovations, and international expansion (CNBC Profile). Additionally, the company has tried to maintain shareholder equity, while minimizing its use of debt. - Shares outstanding = 4.34% increase since 2021 - Debt = Issued $1.5 million in debt in 2024. No previous debt Some other positive factors to consider - Annual revenues are up from 2022 & 2023. Down compared to 2021. - Price/Book = 0.91 (Trading at less than book value), sector median is 2.59, which is a -65% difference) - Recent large insider buying At the time of posting this idea, the stock is up approximately 34% on the day, based on the recent positive earnings report, with a surprise earnings beat of 300%.
NASDAQ:PETSLong
by PeakInvestmentStrategies
A massive short squeeze on PETSShares of PETS were jumping again as a massive short squeeze on consumer stocks continued into its third day. The squeeze instigated by a group of traders on Gamestop has now spread to other heavily shorted stocks, There was no news out on any of these three stocks today, and certainly nothing of the kind that would generate this kind of movement for fundamental reasons. Instead, traders on platforms like Reddit have figured out that they can take advantage of heavily shorted small-cap stocks if enough of them start buying them, and that's what's happened with all three of these stocks. When a stock is shorted and starts to go up, short-sellers eventually have to buy back the shares or risk further losses, including a margin call forcing the repurchase. Though only about 15% of the float is sold short, traders were aggressive to pump up the stock as daily trading volume rose as high as 358 million shares on Monday, up from around 3 million normally. As of midday today, volume had already topped 200 million. PetMed Express, an online pet pharmacy, entered the new year with 41% of it stock sold short. www.fool.com
NASDAQ:PETS
by AlenCiken
$PETS Charting Patterns$PETS Testing out this theory (2.0). $PETS fib retracement on the weekly chart work with a wave 1 following an ABC chart. Testing the fib timeline tool for wave 2 entry point. Chart seems to show resistance level from the pennant trend and the 200 MA and the fib retracement at $30.92 and a pull back to the zone btw $29.75-$30.20 – seems to be a support level here too for an entry point into wave 3. “I’m not an expert but I have watched a lot of youtube videos.” NASDAQ:PETS
NASDAQ:PETS
by jonwayne02
PETS 1D ASCENDING TRIANGLEAscending Triangles are repeatable trading chart patterns. Ascending chart patterns will have a directional bias depending on the previous incoming trend. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. Whatever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart). Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place. Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement. When you see descending Volume bars and descending ATR line (which indicates volatility) this shows a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern. Trade Management after there is a breakout candle close. 1 - Position size (compare volume bar to volume ma line). a - Breakout candle must be 100% of average volume for a full position size. b - If 75% of average volume then ½ position size. (To find 75% of Volume look at the charts volume settings – divide smaller # into larger # = 75%+) 2 - Enter two trades. 3 - SL for both trades will be 1.5 x ATR. 4 - 1st trade TP will be 1 x ATR. 5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price. 6 - When 1st TP hit – move 2nd trade SL to breakeven. 7 - Adjust the 2nd trade SL to follow price. *8 – After Breakout candle – if price closes back into chart pattern close trade *9 - When breakout candle is more than 1 ATR from breakout candle open. a - Enter 1st trade at candle close with ½ position size. b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open. c – Price should pullback to that pending limit order for 2nd trade. d – If Price returns back into chart pattern close trade before SL is hit.
NASDAQ:PETS
by Tradingstrategyguides
PETS Slow and Steady Pullback to BasePETS bouncing off of major support. PETS may not be as well known as CHWY and CVET, but has been around longer and has pretty stable 3.5% dividend, that the other hot animal care stocks don't have. The recent sell-off after earnings could be worrisome, but that is because it missed Q1 high expectations by just .01. PETS did pick up over 186000 new customers, which was almost 50000 more than analyst were expecting. Also keep in mind that PETS has a very strong tendency to run up into earnings and sell off for a week after the print no matter how good it was. Technically, PETS has formed a very nice base / consolidation between $30-$32. This base also corresponds to the rising trend line and channel midpoint. My plan: long $31-32 stop 29 first price target $38
NASDAQ:PETSLong
by SR618
1