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| Gator's Chart of the Day: PETM |
With all of the animal lovers here it seems appropriate to look at Pet Smart. They reported earnings after market yesterday. Profits were a penny above expectations (.91 vs .90) on in-line revenues. Margins did shrink slightly from 30.6 to 30.4% but the company guided above estimates.
Looking at the daily chart buying at the 20 day sma has been a very good strategy and after hours the stock traded down to 54.45. The 20 day is 54.37 so it looks to be a right here right now buy.
Position: customer and dog owner.
