Sagar Nandi
High dividend payer value stock is creating a triple-bottom.


CUE 360° analysis summary: You may look for a buying opportunity in this value stock as it creates a triple-bottom at the long-term pivot support level.

All the snapshots are from around 2:30 PM EST on 5th Apr 2019.

Numbering in the text below follows the marking on the pictures.

IMPORTANT: As the price may move up or down during the day, you may confirm a swing trade setup at or near market close.

1) Its industry, Packaged Foods & Meats, is weak, though there is some sign of acceleration over the two days.

2) BGS is optimally valued and

(3) with an impressive dividend yield of 8.12%.

4) Earning is on 1st May. If you take a swing trade before that using stock, you may consider closing the position before the earning date.

5) Today the stock is up by 1.84%.

6) On 27th Feb BGS found support after earning related drop.

7) And now the stock is creating a triple-bottom at long-term pivot level. The stock also displayed Bullish Release signal today.

bgs edge 2019-04-05_14-25-55.jpg  bgs funda 2019-04-05_14-27-35.jpg  BGS tech 2019-04-05_14-29-26.jpg 
Sagar Nandi
1) I shared the BGS long idea of on 5th Apr. That was a reversal trade setup using CUE 360 analysis.

2) Today, on 29th Apr, the trade has covered much more than risk distance and you could book at least partial profit.

BGS Followup 2019-04-29_16-03-57.jpg 

Disclaimer: This site is for educational purposes only, explaining the use of CUE systems and techniques. It is not for trade advice. Trading involves risk. You and only you are solely responsible for the outcome of your trades.

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