The shares of this animal health and retailer are on the rise, but technical analysis indicates they have further to go.
Zoetis Inc. (ZTS)
from Shortex Market Letter
Zoetis Inc. (ZTS)
52 wk high: 49.55 52wk low: 30.50
Mkt cap: $24.44B EPS: 1.18 P/E: 41.43
Div/Yld: 0.33 (0.70%)
Ascending pattern since mid Dec ’14 (42-44), to (44-47), with correction/retraction in May ’15 (47-44). Reversal of late to challenge secondary resistance @ (46-47) and upper head resistance @ (48-49)
Near Term objective: 59
Intermediate objective: 68
Stop loss: 46
Joseph Parnes, Shortex Market Letter, www.shortex.com, 800-877-6555, May 28, 2015