Flowers foods trading at 7.8% below its fair value. Earnings are forecast to grow 6.66% per year, earnings grew by 4.2% over the past year and pays a reliable dividend of 3.39%.
Potentially a good stock to hold for the long term. From a technical standpoint we are still well inside of the rising channel, yesterday we tested the 61.8% fib level taken from the highs of October 2015 and the lows of August 2016, after bouncing convincingly off of trendline support (blue line). Further upside is my call for this one, with a stop below trend line support at around 20.30s. Another attempt to go long could be taken at channel support if it holds.
Potentially a good stock to hold for the long term. From a technical standpoint we are still well inside of the rising channel, yesterday we tested the 61.8% fib level taken from the highs of October 2015 and the lows of August 2016, after bouncing convincingly off of trendline support (blue line). Further upside is my call for this one, with a stop below trend line support at around 20.30s. Another attempt to go long could be taken at channel support if it holds.