BG , another strong uptrend with a wedge drop n pop entry setup . Food related theme .
Strong group and BG is among one of the leaders .
High institutional interest as they hold 88% of the float and transactions are positive.
Avg daily volume is currently 1.36M , good .
Strong technical with recent 52 Wk high's made .
*Has shown strength throughout the general weakness we have witnesses this year .
I notice the short float is a little high though ... 3.55% of float with a ratio of 3.56. This I find suspicious . But technicals are still technicals, price is price and volume doesn't lie , so I bought . Earnings may 4th .
Entry 109.88
Stop - 105.65
Initial PT - 115.43
Strong group and BG is among one of the leaders .
High institutional interest as they hold 88% of the float and transactions are positive.
Avg daily volume is currently 1.36M , good .
Strong technical with recent 52 Wk high's made .
*Has shown strength throughout the general weakness we have witnesses this year .
I notice the short float is a little high though ... 3.55% of float with a ratio of 3.56. This I find suspicious . But technicals are still technicals, price is price and volume doesn't lie , so I bought . Earnings may 4th .
Entry 109.88
Stop - 105.65
Initial PT - 115.43
Trade active:
Totally messed up my order for this, the posted target on my description above did match what I had logged with my broker .But, today my order filled, and I realized my mistake was that the TP was too low . Human error on my part , initial target should have been 118.33. In order to make the math work I moved stop on balance to 107.02~
Trade closed: stop reached:
stopped out today on balance
艾力克~