BOBE Long on technical support @ 38.85

18 0 2
Bob Evans has been hammered over the last 18 months yet its fundamentals are still strong. With earnings on the 31st and strong support in the ~36 region I like a long position going into earnings . Any positive surprise will cause the stock to jump and technical downside should be limited if earnings are lack luster. Price target has been set conservatively at 43 with a stop at 35.60. (If you follow my 10,000 USD base account recommendations long 100 shares. The risk reward is 430/320 USD).
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