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Fast Growing Pet Food Distributor Forms Coiled Bull Flag

by | Jun 27, 2024

Freshpet (FRPT) shares are coiled in a high tight bull flag and nearing a breakout above 130 for the fast-growing consumer pet name that is already up an impressive 50% YTD. FRPT has seen three straight earnings reports gap up and continue to drift higher as it now sets up a new flag pattern for a potential next move to the 145 VPOC target above. Benchmark recently raised its target to $150 and noted the company continues to execute the business at a high level.

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