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Berry Global Group, Inc.BB

Berry Global Group, Inc.

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BERY trade ideas

BERY Short: Triple Top with ConfirmationBERY has formed a Triple Top around the $72.50–$73.00 resistance zone, with confirmation of rejection signaling potential downside. Price has failed to break higher, showing weakness and setting up for a short opportunity. 🔵 Entry: Below confirmation level 🔴 Stop Loss: 74.89 (above resistance) ✅ Target: 54.67 (measured move projection) Bearish momentum is building, and this setup presents a solid risk-to-reward opportunity. Watching for further downside movement.
NYSE:BERYShort
by pliesfargo
Buybacks later this yearBery bought 300mm during recent dips. Looking to buyback more later in the year from the conference call. Selling puts for now. "Additionally, we increased our cash return to shareholders, as we repurchase $300 million of shares or 4% of our outstanding total shares in the quarter. As we stated on our last call, we are committed to repurchasing at least $350 million in fiscal 2022, and we have already achieved that threshold during the first two quarters. Given our top priority of driving shareholder value, we were fortunate to be able to repurchase our shares and take advantage of the attractive return opportunity at prevailing prices. If current valuations persist, we would expect to continue to repurchase shares at a similar pace in the back half of the fiscal year. We have approximately $700 million remaining on our recent authorized $1 billion share repurchase program, with the majority of our cash flow generated in our fiscal second half."
NLong
by rocinante80
$BERY breaking out of its ~8 month base!* Excellent earnings quarter over quarter * Strong up trend in the long term * Incredibly high 3-month relative strength of 20.49 in the Consumer Cyclical sector * Breaking out of a ~8 month base with higher than average volume * Base depth is ~21.5% hence the max probable ROI for this trade would be ~21.5% if the trade goes in our favor * Recently broke above its all-time-highs indicated by the red line at $60.77 and retested it as support Trade idea: * The price is just breaking out of its base for the second time. * Earnings coming up and can be expected to give a positive surprise. NOTE: * Given the current market conditions, it is suggested that we sit in cash. * But, if you are willing to still jump in, now would be a great time as the price is just breaking out. * If you are looking for a better entry, you can look for an entry around the $70.90 area. * If you have access to volume profiles you can see that the $70.9 area did get quite a bit of volume. * So, if this does break back below $72.95 we can expect the $70.9 area to hold as support while the general market corrects.
NLong
by HaseebKhan_90
1
V bottom Ascending TriangleHas broken ascending triangle. Upper trendline of Ascending Triangle can be support. My A Triangle upper trendline is crooked/sorry..lol Earnings over/7-30/beat eps/missed on revenue. Up anyway Hard R at 58.9ish and at old high of 61.71 If she breaks old high, the pattern reads a target could be at 75 NV high. Looks like due for a pull back to me but I do not deem to guess..lol. Seems some stocks hardly ever pull back as of late, while others can hardly get up nd go to work (o: Not a recommendation
NLong
by lauralea
2
Berry Global Group at Key Fibonacci Level BERY started off the year well, but took a very bad hit following missed revenues and continued US-China trade war actions. BERY operates in the materials sectors, in particular, plastics, and the sector has been very vulnerable to the trade war. After the recent gap-down, BERY is now finding support at its 61.8% Fibonacci retracement level. I would continue to monitor this today and Tuesday, to see whether it bounces back from here or continues its downward plunge.
N
by BinaryPairing