PETsMART (PETM) ($64.85): Traded up to $66.78 Wednesday then down to $64.85 at the close pre-earnings. Following a double-beat on EPS and revenue the stock popped to $68.75 in after-hours. Earnings beat estimates by 12 cents a share at 75 cents a share. My semiannual value level is $62.19 with a weekly pivot at $66.62 and quarterly risky level at $72.43. If this pop holds, the weekly chart shifts to neutral from negative given a close on Friday above the five-week MMA at $67.12.
At the time of publication the author held no positions in any of the stocks mentioned.
This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.
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