SMPL trade ideas
SMPL ..Notable insider buying and a beat on earnings. 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 the month of april .
SMPL long - Goldman Sachs upgrades to Buy w/ convictionSMPL 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 level.
Stop loss under $21.00 ( -10% ), Target will be just under $30.00 ( +30% ) for a long term trade, and $25.00 ( +10% ) for a shorter term trade, where the price may consolidate and form a base.
Daily Chart w/ Fib levels:
SMPL Healthy Consolidation ready for new All Time HighsSMPL 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 - Flag formation long to $18.93 & HigherSMPL - Possible long here. Stop signal 16.43, First target 18.93. Momentum target. Insider buying.
