Score 8 (out of 10): ZOETIS INC sets up for +9.9% rally in 3 months

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What’s Going On Here?

ZOETIS discovers, develops and manufactures animal health medicines and vaccines. The company recently crossed above 100bn USD market capitalization. After last week’s earnings announcement date, ZOETIS raised financial year revenue estimates.

Why Now?

ZOETIS INC has triggered a new technical analysis signal. During similar occasions, ZOETIS INC shares had a median return of +9.9%, over the following 3 months – based on 10 historical occasions with 8 of those showing positive returns (80%). This buy signal for ZOETIS INC received a high score of 8 (out of 10). This insight was generated on 2021-November-16 with last price of 216.06.

What’s This Company About?

ZOETIS INC is in the Medical-Drugs business. Based on the last 2 years’ risk/return profile, this asset is seen as Moderate Risk. ‘Wall Street’ analysts think the stock price will be worth 7.3% more (average). Ticker symbol: ZTS US.

What’s My Risk / Reward and Time Horizon?

We found 3 months to be the optimal trade horizon, after testing a number of possible alternatives (accuracy of previous returns). Otherwise consider closing out this trade once the target level of 237.55 (+9.9%) has been reached. Based on ZOETIS INC’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 207.46 (last price at 216.06), which is equivalent to a -4% decline.

Returns during similar periods:

The chart above shows the previous returns (in %) based on similar setups with the most recent ‘insight’ shown under (1), the second most recent ‘insight’ shown under (2), etc. 

Previous episodes:

9.1% (August-2021), 17.8% (May-2021), 2.8% (January-2021), -3.8% (November-2020), 1.4% (September-2020), 18.5% (July-2020), 15.3% (April-2020), -6.3% (January-2020), 10.8% (October-2019), 11.8% (July-2019).

Summary:

NameZOETIS
ViewUp
Star (1 to 10)8
Target+9.9%
Time3 months
Hit Rate80%

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