Go long TAP! beer exposure for these trying times
Buy Below $50, should easily hit $60 as it is currently undervalued.
When you look at the technicals, MACD and RSI are signaling buy. The moving averages (20,50,100 day for shorter-term outlook) have all converged and the stock just bounced off the bottom of the trend line so I see a reversal leading to a steady uptrend.
Sell half at $60. That's roughly a 22% return, then I'd suggest letting the other half ride to see if you can squeeze some more juice out of it or if you have to bail you've already capped gains. Selling half and letting the other half ride is my favorite method of risk management and a way to stay disciplined.
When you look at the technicals, MACD and RSI are signaling buy. The moving averages (20,50,100 day for shorter-term outlook) have all converged and the stock just bounced off the bottom of the trend line so I see a reversal leading to a steady uptrend.
Sell half at $60. That's roughly a 22% return, then I'd suggest letting the other half ride to see if you can squeeze some more juice out of it or if you have to bail you've already capped gains. Selling half and letting the other half ride is my favorite method of risk management and a way to stay disciplined.
