B&G Foods, Inc. is a holding company, which engages in the manufacture, sale, and distribution of shelf-stable frozen food, and household products in the U.S., Canada, and Puerto Rico. Its products include frozen and canned vegetables, hot cereals, fruit spreads, canned meats and beans, bagel chips, spices, seasonings, hot sauces, and wine vinegar. Its brands...
-Clean breakout of the bullish pennant
-Slight Volume increase
-Bullish MACD
-Low Float
-Increase Hype on Reddit
This thing has the potential to fly.
Will be looking for an entry position on a retest or dip
BGS, daily, continuation play from 4 technical observations: Triple class A MACD HBD, Triple class B RSI HBD, completed retest of 2020 double top & second MA golden cross this year. The .50 & .618 seem plausible, at least.
Who would've thought a packaged food brand would rise 300% in the last year while paying over 6% dividend?
B&G Foods owns several popular grocery store food brands like: Green Giant, Cream of Wheat, Crisco, Weber, and so many more. With so many people cooking from home over the past year, BGS stock has exploded in popularity. Will this stock continue to trend up...
$bgs in a nice setup, strong FA, wedging down and price action constricting for a breakout, RR Ratio 1.89; 8% risk downside 17% to upside potential; buy now or at 26.18, stop loss 24.43; take profit 31.05
Hey people, B & G FOODS is in a bullish movement with a large volume of sales issued and a hammer bear shaped candle. On the TIMEFRAME M1 show a dash of buyers who want to go to the VWAP for the broken one. great possibility of going to the next high which is also the TIMEFRAME H4, which is half of the median of PICHFORK. And if the buyers are really back, test...
it, and well on its way to Fib 1.618 extension of wave 1. Throughout the recent selloff, BGS had more than held its own. Food is a winning sector in the Covid-19 era. This is a winner and keeper. I tried trading this a few times only to regret having to buy back in at a higher price.
Comes with 2 bonuses, 7.65% Dividend Yield and Board approved share buyback. This is one of the companies that benefits from Covid-19 , huge sales and order increase since March. Short of employees to fulfill the demand.
BGS. Owner of many food brands.
Could use close below the current up trend line as stop. Near term target is the rectangle.
Process your way.
Take care.
Based on US leading indicators, Food&Bevarage Sector remains strong. You can watch this break-out. Already have long position with soft target. Find your own SL depending on your entry level.
Hello everyone,
I have got here for you some of our recently closed trades on our long-term strategy. Check in the video how we analyzed the markets, what was the logic behind and how the trades developed eventually.
Tickers:
NASDAQ:MRTX
NYSE:AQN
NYSE:BGS
John
FINEIGHT Team
Yesterday, I pointed out this flag pattern forming on BGS on the 65m timeframe. BGS had broken out and had been consolidating tightly. This was a potential short squeeze candidate as BGS has a 26% short interest. I was looking at buying this stock above 19.30 and the trade triggered right at the open today.
Entry - 19.49
Stop Loss - 18.48
Target - 25
After...
