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Recently Endured Distributional Pressure - Thursday, March 15, 2018
Petmed Express Inc (PETS -$0.29 or -0.62% to $46.20) is quietly consolidating near its 50-day moving average (DMA) line ($46.78). The recent low and 200 DMA line define the next important support in the $41 area. It faces near-term resistance due to overhead supply up to the $57 level. There was a big "negative reversal" on 1/22/18 following earnings news. Its current Up/Down Volume Ratio of 0.8 is an unbiased indication its shares have been under distributional pressure over the past 50 days.
Recently it reported earnings +83% on +14% sales revenues, continuing its strong earnings track record with a 4th consecutive quarterly comparison above the +25% minimum guideline (C criteria). Its fundamentals match the fact based investment system's winning models. It was last shown in this FSU section on 2/14/18 with an annotated graph under the headline, "Sputtering Below 50-Day Average After Negative Reversal".
The number of top-rated funds owning its shares rose from 247 in Mar '17 to 313 in Dec '17, a reassuring sign concerning the I criteria. There are only 20.6 million shares outstanding (S criteria), which can contribute to greater price volatility in the event of institutional buying or selling.
Charts used courtesy of www.stockcharts.com
Sputtering Below 50-Day Average After Negative Reversal - Wednesday, February 14, 2018
Petmed Express Inc (PETS +$0.37 +0.85% $44.06) has failed to rebound and is still sputtering below its 50-day moving average (DMA) line ($46.28) after a "negative reversal" on 1/22/18 following earnings news. A rebound above the 50 DMA line is needed for its outlook improve.It finished strong after highlighted in yellow with pivot point cited based on its 7/27/17 high plus 10 cents in the earlier mid-day report (read here).
Recently it reported earnings +83% on +14% sales revenues, continuing its strong earnings track record. This Florida-based Retail - Internet firm "Reported earnings +79% on +10% sales revenues for the Sep '17 quarter, its 3rd consecutive quarterly comparison above the +25% minimum guideline (C criteria), helping it better match the fact based investment system's winning models."
The number of top-rated funds owning its shares rose from 247 in Mar '17 to 312 in Dec '17, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 0.9 is an unbiased indication its shares have been under slight distributional pressure over the past 50 days.
Strong Finish Ahead of Earnings News Next Week - Friday, January 19, 2018
Petmed Express Inc (PETS +$2.67 or +5.28% to $53.24) finished strong after highlighted in yellow with pivot point cited based on its 7/27/17 high plus 10 cents in the earlier mid-day report (read here). The gain was backed by +185% above average volume. Gains above a stock's pivot point must have at least +40% above average volume to trigger a proper technical buy signal. Recent gains lacked great volume conviction as it wedged to new all-time highs.As previously noted in bold, the company is due to report earnings for the Dec '17 quarter before the market opens on Monday, January 22nd. Keep in mind that volume and volatility often increase near earnings news.
This Florida-based Retail - Internet firm pulled back sharply and then made gradual progress since last noted in the 10/23/17 mid-day report when it had gapped up for a considerable gain - "Reported earnings +79% on +10% sales revenues for the Sep '17 quarter, its 3rd consecutive quarterly comparison above the +25% minimum guideline (C criteria), helping it better match the fact based investment system's winning models."
The number of top-rated funds owning its shares rose from 247 in Mar '17 to 314 in Dec '17, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.7 is an unbiased indication its shares have been under accumulation over the past 50 days.
