Animal Spirits:

We have spoken in the past as to how much investors love their pets. With the PRICE of vet work, they would be smart to invest in some of the stocks that specialize in the field (do not forget the strength in another pet-related play in CHWY which is doing battle with the very round 90 number presently, being rejected there 3 of the last 4 days). Getting back to vet-related names there are three names that come to mind. ELAN is now right at a cup base pivot of 36.63 taken out on 7/28, and one could even make the case for a bull flag breakout whose flag pole began with a bullish engulfing candle on 3/29 which CLOSED back above its 200 day SMA. CTLT is now just above a double bottom trigger of 116.07 that was taken out on 7/23. Below is the chart of ZTS and it is just above a bull flag pivot of its own that aligned with the very round 200 number. One could enter here and use a stop below 195.

This article requires a Chartsmarter membership. Please click here to join.