Freshpet, Inc. (NASDAQ: NASDAQ:FRPT ) has emerged as a trailblazer in the pet food industry, showcasing remarkable growth and profitability in its fourth quarter and full-year 2023 financial results. Led by Chief Executive Officer Billy Cyr, Freshpet's strategic initiatives have not only bolstered its bottom line but also positioned the company for sustained...
Pets are the major solutions for the need of companionship nowadays.
Both FRPT and TRUP had very nice rallies this year, and I'll keep on bullish on them.
FRPT broke the all time high yesterday to form a daily demand zone
I'll be looking for the pull back long at the 135 spot.
Let's see how it goes yo!
Earnings beat. Overbought on daily and monthly. The targets I listed are what the pattern reads and not what I think this is worth..and I think sometimes that Does matter. I am sure this is a great company. I just have valuation concerns
The irrational exuberance may continue for a bit longer. Or it will not continue and FRPT will fall out of rising...
Not Trading or Investment Advice!!!
My breakout algo issued a buy signal on 6/5.
Buy at 80.05
Wait for update on exit price
Risk control:
use 3% of portfolio capital
