Not quite a buy yet but maybe todays upgrade could ignite a rally as we believe that the stock has completed a 4th wave retracement.
The indicators have looked to be bottoming ready for the nest impulse move higher.
Entry level $352
Price target $430
Average analysts price target $372
Short interest 19%
Boston Beer Co., Inc. engages in the business of...
Don't get panicked by that Jefferies downgrade. SAM is resilient enough to withstand one bad day. I anticipate that the stock will be back in its uptrend within a week.
Boston Beer company has been running well and continuing to set new highs. Broken out of a pretty strong resistance area. Might be worth a watch.
The Boston Beer Company, Inc. is a craft brewer in the United States. The Company is engaged in the business of producing and selling alcohol beverages primarily in the domestic market and in selected international...
Thanks for reading this post. For several reason it seems SAM needs to drop, we see from history that it doesn't like to leave gaps unfilled (see three thin grey rectangular shapes across the graph) and it currently has one at 366. There is also a 1.27 extension of the most recent impulse wave down from its high at 364. Using time symmetry (you can see it in the...
It bounced off the 50 MA on the 5th, crossed the 20 MA yesterday, and confirmed today by closing above the 20 - and with a bullish cross on the Macd ....you be the judge.
The Boston Beer Company, Inc. is a craft brewer in the United States. The Company is engaged in the business of producing and selling alcohol beverages primarily in the domestic market and in selected international markets. The Company operates through two segments: Boston Beer Company segment, and A&S Brewing Collaborative segment. The Boston Beer Company segment comprises of the Company's Samuel Adams, Twisted Tea, Angry Orchard and Truly Spiked & Sparkling brands. The A&S Brewing Collaborative segment comprises of The Traveler Beer Company, Coney Island Brewing Company, Angel City Brewing Company and Concrete Beach Brewing Company. Both segments sell low alcohol beverages. The Company produces malt beverages and hard cider at the Company-owned breweries and under contract arrangements at other brewery locations. As of December 31, 2016, the Company sold its products to a network of approximately 350 wholesalers in the United States and to a network of distributors.
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SAM
