NYSE:FLO Flowers Foods, Inc.
FLO has pending litigation which has caused stock to fall to it's 120 period monthly moving average. Stock has not fallen below this for past 20 years, and I think should help it retrace about 23.6% of decline and fill the gap sitting there (around 17.5)
Bought half position 15.54. Willing to add if it drops a little.
Bought second half; average is 15.31. Hopefully stay above 15.17 and bounce back next couple days, but market not helping.
Earnings apparently not that good. Sold today after losing its gap up at 15.52 for small gain.