VPTcory
Long

Boyd Group Ready for a Potential Pop

TSX:BYD.UN   BOYD GROUP INCOME FUND
242 0 6
Selling on the pullback looks to have tapered off after filling the gap. Overall uptrend is still intact and price is breaking above the pullback trendline .

Risk reward is decent, assuming the price will move slightly above prior high for the target. Can also use the ATR Stops as a trailing stop loss (wait for daily close below line, then stop loss goes slightly below the low of that day).

Do not like really the high P/E on this stock. Stock is priced very high assuming everything is going to go right and this company can generate big profits going forward. That said, the high P/E hasn't been a concern on the ride up, so it may still be good for more technical upside.
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