Albertson's as a consumer defensive play

NYSE:ACI   Albertsons Companies, Inc
Not only is ACI undervalued, trading at a 9.5x P/E ratio , but its technical indicators also point to an uptrend. The 50-day MA broke through the 200-day MA recently, followed by the 100-day breaking through the 200-day MA indicating there is positive momentum.

Relatively cheap stock, good company, gives you exposure to grocery stores and other essential goods that have done extremely well throughout this pandemic which is far from over yet. Life should stay like this until the 3rd quarter of 2021 when vaccines have been distributed enough. This bodes well for Albertson's. Go long ACI as a consumer defensive play. While you wait for you to trade through this channel of trend lines , you will receive a 2.4% dividend.


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