$SAM Boston Beer Company - Bull flag which began back in July has formed on the weekly chart. Long term price target $425-$450 area by December 2019.
Long term price projection dependent on continued strong earnings and market fundamentals into next year. Breakout to new highs next year will most likely require continued beverage innovation and possibly an...
$SAM Boston Beer Co. forming what looks like a possible cup&handle pattern on the weekly chart. Monitoring for a break of $330 level for a confirmation.
A couple possible medium/long term targets on chart. Note: next ER end of October.
Note: Informational analysis, not investment advice.
Again as a college student, I do love my beer for drinking games, crying, relaxing etc. BTFD nice dip and bouncing could be some great gains needs more conformation on uptrend and I'm buying be some shares and beers.
$SAM Boston Beer Co looking overbought at all-time high resistance on the weekly chart.
I would expect a short term sub-300 correction and some profit taking leading up to ER 07/26/18.
Stock looking very over-extended...if earnings isn't a home run expect a further correction possibly to the area of $250-$260 by fall.
BROUGHT YOU THIS ONE A MONTH AGO @ $156.75 AND TRADED OUT OF IT FOR A PROFIT IN 164 AREA. EARNINGS LAST NIGHT DISAPPOINTED AND STOCK IS TRADING DOWN 12 OR SO BACK TO $154-155 AREA. WILL BUY IT THIS MORNING IN THAT RANGE FOR ANOTHER BOUNCE OF $8-10.
REMEMBER, AMERICAN COMPANY SELLING IN AMERICA AND MANAGEMENT HAS BEEN BUYING IN STOCK FOR 3 YEARS. I EXPECT...
SAM is an American Company making Beer right here. Has been buying back its own stock for years.Great support here @ $155, OUTSIDE lower Boll. Band. Options thin and expensive so you'll have to use the stock...OZ