US Top News and Analysis | Two underperforming pet stocks are showing signs of life, says Katie Stockton
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Pet‑supply stocks Chewy (CHWY) and FreshPet (FRPT) are beginning to recover after a year of underperformance, according to analyst Katie Stockton. Both shares have been trending lower and are not overbought, yet technical indicators suggest a turnaround: Chewy has broken a 10‑month downtrend, with weekly stochastic and MACD signals turning bullish and a key resistance near $32.60, while its monthly chart shows a potential inverse head‑and‑shoulders pattern and oversold conditions. FreshPet has emerged from a bearish cycle, posting a long‑term oversold bounce in February, a pinched monthly MACD indicating a cyclical uptrend, and a weekly oversold rebound after a support‑break, with resistance around $86 and support near $60. These improving charts imply that sentiment is shifting and both pet‑supply companies may be entering more constructive phases.
Read more: https://www.cnbc.com/2026/04/20/two-underperforming-pet-stocks-are-showing-signs-of-life-says-katie-stockton.html
#KatieStockton #Chewy #Freshpet
AI generated summary, Read the full article for complete information.