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Zoetis Broke Out to a New High - Hold Longs, Raise Stop Protection

Bruce Kamich

In this daily bar chart of ZTS, below, we can see that prices just broke out on the upside. ZTS is above the rising 50-day moving average line after a number of tests of the line since the middle of April. The volume of trading doesn't seem to show much but the On-Balance-Volume (OBV) line rose with the price action from late January.