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Stock Market & Financial Investment News

News Breaks
January 22, 2013
09:49 EDTPETSPetMed Express breaks out after earnings beat, levels to watch
The company beat earnings for its Q3 when it reported EPS of 23 cents versus expectations of 18 cents. The stock gapped up, last trading up over 4.4%. There is a bullish, inverted, head and shoulders pattern now active on the daily chart as a result of this move. Upside potential for the pattern, presuming it holds and completes, is to the $13.50 area. Next resistance is at $12.45. Support for the pattern is at $11.86.
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