FIBOCALL: Aratana Therapeutics Inc. (PETX) and down 19% today

What can you do when a stock is down 19% in a single day?

PETX is trading below the 12/1/16 low @ 6.64, BUT

It is also INSIDE our long term bounce zone @ 6.65-5.68.

Today is DAY 1 of our 3 day rule.

Current longs with some dry powder can add into weakness today.

A CLOSE BELOW 5.68 to exit longs.

I will follow up in days to come if the 5.68 level holds.