Saputo Inc. is a Canadian dairy company based in Montreal, Quebec, founded in 1954 by the Saputo family. It produces, markets, and distributes a wide array of dairy products, including cheese, fluid milk, extended shelf-life milk and cream products, cultured products and dairy ingredients and is one of the top ten dairy processors in the world.
SAP broke above a complex consolidation this morning. This is teh second trading opportunity within the last couple months. Like that we had a little false downside breakout recently which was followed by aggressive buying the last two days. Target is conservative and may be used. Can also utilize ATR Stops as a trail...if price closes below the indicator line,...
Overall this stock is in a long-term uptrend, but has been pulling back in 2017. Over the last couple months the stock has formed a bullish pattern indiacting the multi-month pullback could be over. Looking for a conservative target just below prior highs. Can also utilize ATR Stops as a trailign stop loss.
No earnings out for a while, but I exit swing trades...
