FLO trade ideas
Flowers Foods losing calories. FLOWe are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
FLO Long Swing on Relative StrengthThis stock has fantastic relative volume but it looks like FLO might be losing it unless SPY returns bullish. Only problem with this ticker is the previous highs are steep temporary peaks. So if you see stacked big red bars, FLO might not be back for a year. If you enter you will have to monitor this every day.
Entry: $29.25
Exit: $30.25
FLOWERS FOODS ChartHey traders,FLOWERS FOODS is in a fake bearish push large volume of sales made doji shaped candle. FLOWERS FOODS goes to the middle of his acceleration zone to turn around and break out of his balance zone. Great potential to go into decision areas and have a new high point and price.
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Flowers Foods Inc. (Weekly Chart) Flowers foods trading at 7.8% below its fair value. Earnings are forecast to grow 6.66% per year, earnings grew by 4.2% over the past year and pays a reliable dividend of 3.39%.
Potentially a good stock to hold for the long term. From a technical standpoint we are still well inside of the rising channel, yesterday we tested the 61.8% fib level taken from the highs of October 2015 and the lows of August 2016, after bouncing convincingly off of trendline support (blue line). Further upside is my call for this one, with a stop below trend line support at around 20.30s. Another attempt to go long could be taken at channel support if it holds.
$FLO Flower Foods gains premarket on earnings beat.Yesterdays earnings report hit the right notes with investors, the stock traded higher on a beat on both earnings and revenue, while also providing favorable guidance for the full year. Shares jumped 3.5% afterhours so we hope for continuation today, the stock completed a correction from April 18 high and is now approaching that level once again at $22.80. In the longer term our wave 3 target is approx $28.
Company Description
Flowers Foods, Inc. engages in the manufacture and sale of bakery products. It operates through the Direct-Store-Delivery (DSD) and Warehouse Delivery segments. The DSD segment produces fresh breads, buns, rolls, tortillas, and cakes sold by a network of independent distributors to retail and foodservice customers. The Warehouse Delivery segment offers snack cakes and frozen breads and rolls under the Mrs. Freshley's, Alpine Valley Bread, and European Bakers brands.
Watch what happens, pivotal moment, could go ether way FLOMost likely will use black and red as support to bounce up...
However if if breaches black and doesn't get stopped by red, might be a new change of direction
More than anything expecting a positive next week with some range searching. Take the gains, wait for pull back and go long again incrementally with the positive trend gets confirmed.
FLO - SHORT - MOTHLY UPTREND LINE BROKEWILL BE WATCHING FOR A SHORT HERE PRICE PUSHED THROUGH MONTHLY UPTREND LINE ON BIG VOLUME AND IS NOW CORRECTING UP BELOW THE TRENDLINE. WILL BE SHORTING ON A BREAK OF THE CORRECTION THE MORE UP WE GET THE BETTER REALLY. AIMING TO BOOK PROFITS AROUND THAT DEMAND ZONE BUT THERE IS A POSSIBLE RETURN TO THE MONTHLY 200MA TREND TP2.