InsiderFinancial

$BYND Is A Great Momentum Play

Long
NASDAQ:BYND   Beyond Meat, Inc.
$BYND is another $TSLA story. You have the bulls and bears battling over the fundamentals, whereas we see a stock that's just a great traders. $BYND like $TSLA has momentum and you can play both sides - long and short. While we called the Short 2 weeks ago, the stock has made a comeback and is bumping up against our trend line again. We think this time it will break through, especially with 23% of the float short. Keep a watch and trade accordingly.

As always, trade with caution and use protective stops.

Good luck to all!

To receive our alerts via email and SMS, join Insider Financial for Free at signup.insiderfinancial.com

We are not financial advisors. Always conduct your own research and read our full disclaimer at insiderfinancial.com/disclaimer/
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.