BellRing Brands has broken out of a stage-one double-bottom base, signaling strong technical action and providing a compelling entry point. As a leading company in the health and wellness industry, BellRing Brands is well-positioned to benefit from the increasing demand for ready-to-drink protein shakes and nutrition bars. This breakout suggests a strong...
BRBR reported better than expected EPS and an 18.3% jump in revenues yoy. The Company has raised its guidance on EBIT to 306-325m for 2023, which is a decent 18% EBIT mrg. The stock price followed through and it`s possible to accelerate. Adjust your size according to a possible 30% risk.