PDCO Forecast


Bullish Case: PDCO's rebound potential backed by mean reversion, solid animal health outlook, and AI forecast signals a modest upside.


Bearish Case: PDCO options volume skewed to puts, with flat term structure and negative recent price trend, points to downside risk.


Potential Outcomes: Mean reversion to $28-$30 (35%), minor uptick post-Q4 (25%), downside below $22 on missed technicals (40%).


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June 25, 2024


Patterson Companies Forecast

PDCO      Patterson Companies











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Assets that tend to move strongly with PDCO



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VIXY Forecast + Options Trading Strategies   VIXY  ProShares VIX Short-Term Futures (0.84)


VXX Forecast + Options Trading Strategies   VXX  iPath Series B S&P 500 VIX Short-Term Futures (0.84)


MED Forecast + Options Trading Strategies   MED  Medifast (0.84)



Uncorrelated Assets

Assets with little price relationship to PDCO



UUP Forecast + Options Trading Strategies   UUP  Invesco DB US Dollar Index Bullish (0.0)


WEAV Forecast + Options Trading Strategies   WEAV  Weave Communications (-0.0)


COCO Forecast + Options Trading Strategies   COCO  Vita Coco (0.0)


CPA Forecast + Options Trading Strategies   CPA  Copa (-0.0)


FTNT Forecast + Options Trading Strategies   FTNT  Fortinet (-0.01)



Anticorrelated Assets

Assets that tend to move strongly against PDCO



WDC Forecast + Options Trading Strategies   WDC  Western Digital (-0.87)


SFM Forecast + Options Trading Strategies   SFM  Sprouts Farmers Market (-0.88)


ONTO Forecast + Options Trading Strategies   ONTO  Onto Innovation (-0.88)


VST Forecast + Options Trading Strategies   VST  Vistra (-0.88)


GATO Forecast + Options Trading Strategies   GATO  Gatos Silver (-0.88)





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