PetSmart Breaks Above 200-Day Moving Average - Bullish for PETM

In trading on Thursday, shares of PetSmart, Inc. (PETM) crossed above their 200 day moving average of $67.83, changing hands as high as $69.00 per share. PetSmart, Inc. shares are currently trading up about 12.8% on the day. The chart below shows the one year performance of PETM shares, versus its 200 day moving average:

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PetSmart, Inc. 200 Day Moving Average Chart

Looking at the chart above, PETM's low point in its 52 week range is $55.00 per share, with $77.32 as the 52 week high point — that compares with a last trade of $66.97.

According to the ETF Finder at ETF Channel, PETM makes up 1.35% of the Guggenheim S&P 500 Equal Weight Consumer Discretionary ETF ( RCD) which is trading higher by about 0.9% on the day Thursday.

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