Earnings not very favrouable. Share is down to 20.08 from 21.21. 2 earnings reports ago, there was a similar scenario and earnings went down an over all 22 percent. If it does that again, it would go down to the area of 16.50.... Unknown if it will reach that low. I am going to be watching closely waiting for a roll over to the upside. 18.75 and 17.70 are next...
Here is a great setup for $SMPL 22.71 is the next stop Dont mind me just charting :)
50MA about to cross up on the 200MA, bullish signal. Entry is yet to be determined, Stop loss will be the 200 MA. First goal price will be $27 (or $25 since there's a pretty noticeable resistance line right around $25)
Strong trend with MACD heading up from zero line. Price above MA's and strong Williams R.
SMPL has completed an ABC correction in which C = 1.618 extension of the A wave. I am going to call the move off the March lows a Wave 1, with the low on 5/2 being the bottom of Wave 2. As long as that low of $15.91 holds, the stock will proceed higher in a Wave 3 to reach the minimum price objective just over $22, but can extend to at least $26 prior to a...
Entry $18.31 Stop $16.49 Take profit around 21.99 but I think its a good long term hold too. The fundamentals look pretty good . Good price per book Bad P/E but it is a growth company Analyst rating is buy 5 year eps forecast is + 30.25% Very little retail ownership , Mostly institute owned (92.1 %) HUGE recent inside buying , multiple transactions though...
SMPL looks great on paper. P/E is over 70, market cap is over 2B. Beat earnings estimates 3/4 quarters in 2019, and also 1st quarter 2020. Goldman Sachs just issued an upgrade, from Buy - to Buy with Conviction. Technical analysis, this is hitting a long term Fib level of 50% for the 3rd time, possible triple bottom formation. Very strong support at this...
Already in this one long, but breakout above 27.30ish to look for 30.
SMPL has very healthy consolidation over the past two weeks after breaking to a new all time high, and it looks as if it's primed for another break out this week.
SMPL - Possible long here. Stop signal 16.43, First target 18.93. Momentum target. Insider buying.