simplenothing
Long

FLO - Oversold and due for Bounce

NYSE:FLO   FLOWERS FOODS INC
flo
33 0 0
flo
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)
Comment: Bought half position 15.54. Willing to add if it drops a little.
Comment: Bought second half; average is 15.31. Hopefully stay above 15.17 and bounce back next couple days, but market not helping.
Order cancelled: Earnings apparently not that good. Sold today after losing its gap up at 15.52 for small gain.
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