Here’s Why Covetrus, Inc. (NASDAQ:CVET) Dropped -4.2%

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In its latest trading session, Covetrus, Inc. (NASDAQ:CVET) dropped by -4.2% – here is what that looked like (as of 2020-01-06):

What is the cause of all this?? To grasp this action better, We ought to analyze some technical indicators. The most important ones are as follows:

A Money Flow Index (MFI) of 100.0, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of 100.0, a Moving Average Convergence Divergence (MACD) of 0.011, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.473, an Accumulation/Distribution Index (ADI) of 0.473, an On-Balance Volume (OBV) of 297.141, and a Chaiikin Money Flow (CMF) of 13.28. 16.4

Now let’s take all these indicators into account. Consulting Trading View, we can conclude the following:

So there you have it – our analysis of Covetrus, Inc. (NASDAQ:CVET). Note this is technical analysis only! You should do fundamental research as well, and do not just rely on this – we take no responsibility for any losses incurred if you buy or sell based on the above.