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.