PetSmart (NASDAQ:PETM) is one of today's biggest movers, down 2.3% to $68.06. The Dow is down 0.4% to 13,089 and the S&P is currently down 0.6% to 1,418.
PetSmart (NASDAQ:PETM) has potential upside of 11.2% based on a current price of $68.06 and analysts' consensus price target of $75.67. The stock should find resistance at its 50-day moving average (MA) of $68.64, as well as support at its 200-day MA of $65.38.
In the past 52 weeks, shares of PetSmart have traded between a low of $50.18 and a high of $72.75 and are now at $68.06, which is 36% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has remained constant.
PetSmart, Inc. is a specialty retailer of products and services for pets. The Company operates pet superstores in the United States and Canada, as well as a pet supply catalog business, and an equity interest in PetSmart.com. PetSmart provides pet food and supplies, and offers full-service veterinary, grooming and pet training services.