LD_Perspectives

Technical Trade Setup: Boston Beer (SAM)

Long
NYSE:SAM   Boston Beer Company, Inc. (The)
I think the Trading View idea limit is 10 per day. I've got 2 left, so let's not waste our allocation :)

Boston Beer. Code is SAM. Stock has done very well with our analysis originally picking this up 2 years back at $242.

Now trading over $1000, the stock hit a high of $1349 in April. At current levels, the stock trades at the lower boundary of a medium term channel and is breaking to the upside of a short term channel.

Trade Levels:

Last Close: $1105
Buy Stop: $1125
Stop-loss: $1065
Target Range: $1255-$1305



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.