Beyond Meat Inc. stock fell 5.2% in Friday trading after the plant-based meat company was initiated at sell at CFRA with a $120 12-month target. Analyst Arun Sundaram expects Beyond Meat to face increased competition from large food companies. Tyson Foods Inc. and Kellogg Co. are among the businesses that have entered the space with their own plant-based...
I'm doing this for shits and I bought 10 puts @ 60 exp Jan 17 2020 $1 each
If BYND drops to around $80 I'll profit $3 per put. If even lower. It'll be better.
Share lock up expires oct 29th but BYND may have a plan and they have had conservative guidance so its also possible that revenues beat and that pushes shares higher for awhile however valuation does...
After going 430% in a small half a year. Looks like that $BYND is now on track to close the gap from the first weeks. Gap opened from $102 till $121. It broke down under the $121 mark so a downtrend till $102 is on the move.
Buy orders at and around $100 seems valid for a potential bounce of 10, 20 or 30%.
Expecting the same kind of move that happend on $ROKU.
It's obvious that the trend is down on BYND, however, that's not to say that it will crash without rebounds.
On the trendlines you can see that BYND hit the bottom 4 times (currently at the bottom) signaling a potential rebound. Not only that, it is sitting at the resistance as well (it's slightly below, but that doesn't mean it 'broke resistance' yet).
My...
Technical analysis
First earnings report (June 7th, 2019), which made BYND go up around 35%+ and create a big gap.
This gap is starting to get filled on a downtrend.
RSI(10) @27 - Remember oversold can continue to be oversold for a long time.
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Fundamental
Impossible Foods, a direct competitor of Beyond Meat. Is selling burger to Burger King.
...
Ok, so I was just looking at this chart because of a news article discussing the "Meatless Revolution" I do not own this stock or have any intention of trading it (yet).
I do see a head and shoulders pattern being defined here. I have added my subjective shoulders, head, and neckline to the chart....remember nothing in TA is every absolute. It's funny as the...
BYND broke gap support and appears headed for a gap fill.
Oversold on the daily, so I'm not sure I want to touch this. Stocks can go way oversold though when everyone loses interest, remember MNK? When in doubt, short garbage.... or mashed peas I guess.
Long term Short position.
From May 2019- $60.00
July 2019 $240.00....
There will be a correction.
We have a obvious head and shoulders pattern that has unfolded for BYND.
For target price.= height of head to neckline x 2.
Beyond Meat, Inc. offers plant-based burgers. The Company offers its products in a range of categories, such as The Beyond Burger, Beyond Sausage, Beyond Beef Crumbles and Beyond Chicken Strips. The Company sells a range of plant-based products across the three main meat platforms of beef, pork and poultry. It provides Beyond Mushroom Bacon Cheeseburger, Chef Spike’s Original Brat, Roasted Garlic & Italian Sausage Pasta, Beyond Beef Tacos and April Ross’ Butternut Squash Mac-N-Cheese. The Company also offers Beyond Spring Burger, Beyond Nacho Burger, Beyond Sausage Stuffed Peppers, Tuscan Style Beyond Sausage Pasta, Beyond Brat Breakfast Burrito, Beyond Beef Fiesta Power Bowl, Beyond Beef Nachos, Truffle Mac & Cheese Beyond Burger, Love & Lemons Guacamole Beyond Burger and Beyond Burger Tostada With Marinated Kale.
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BYND
