Shares of leading pet goods e-commerce juggernaut (NYSE: CHWY) are up 11% this week as of 1 p.m. ET on Friday, according to data provided by S&P Global Market Intelligence.

Chewy reported earnings last Wednesday, Sept. 10, and immediately saw its shares drop after it offered up guidance that traders deemed was too conservative.

At that time, I argued that the sell-off seemed to be an overreaction and that the company's underlying business looked stronger than ever. One week later, Chewy's stock has bounced back on minimal news, so perhaps long-term investors have turned the tide against short-term traders selling due to 90 days' worth of information.

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Source Fool.com