May 19, 2019 - 8:15 AM EDT
Patterson Companies $PDCO Technical Update
Patterson Companies $PDCO Technical Update

The Patterson Companies (NASDAQ: PDCO) update and the technical summary table below can help you manage risk and optimize returns. We have day, swing, and longer-term trading plans for PDCO, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.

Review the Trading Plans:

Technical Summary

Term →Near Mid Long
Bias Weak Neutral Neutral
P1 21.48 20.81 18.96
P2 22.13 21.86 21.47
P3 22.60 23.02 23.96

Long Term Trading Plans for PDCO

May 19, 2019, 8:15 am ET

The Technical Summary and Trading Plans for PDCO help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this PDCO Report.

PDCO - (Long) Support Plan

The technical summary data tells us to buy PDCO near 21.47 with an upside target of 23.96. This data also tells us to set a stop loss @ 21.21 to protect against excessive loss in case the stock begins to move against the trade. 21.47 is the first level of support below 22.05 , and by rule, any test of support is a buy signal. In this case, support 21.47 is being tested, a buy signal would exist.

PDCO - (Short) Resistance Plan

The technical summary data is suggesting a short of PDCO as it gets near 23.96 with a downside target of 21.47. We should have a stop loss in place at 24.22 though. 23.96 is the first level of resistance above 22.05, and by rule, any test of resistance is a short signal. In this case, if resistance 23.96 is being tested, a short signal would exist.


PDCO Long Term Analysis

PDCO EPS Analysis

PDCO Dividend Chart

PDCO Revenue chart

PDCO Growth rate - Quarterly

PDCO Growth rate - Yearly

PDCO PE chart

PDCO PEG chart


Source: Stock Traders Daily (May 19, 2019 - 8:15 AM EDT)