Sam/ Boston’s beer!!Huge fall off. Drop from 1300$ went fast!! What’s that prove? NO support from 1300-510$. This means if we can control 510$ level we could be holding the weekly 200 ema. This means eventually, if we can get a relief rally, there is no resistance above…. It’s a falling knife, I will not try to call a bottom here. I have 3 key levels. 511$ 450$ and 350$. Why these levels? Since the run to 1300$ the only real consildation we had was around 450 and 350$ however the weekly RSi is sooooo over sold. The weekly 200ema could act as huge suppprt… I may nibble a little here for a long term play. Not looking to make money right away and will averge down and buy at my 3 levels. Just looking here for potential support that could slow us down.
SAM trade ideas
$SAM - beaten down enough?Sam Adams had a terrible quarter recently and saw their stock drop steeply. Now sitting below $600. Huge gap to back fill and RSI looks to be getting stronger as stock has dropped. Noticed one of my SMA accounts had bought this morning. Could be a great long term follow. Risk is still on how well they will do going forward. Reminds me of TAP and BUD when seltzers came out. Took a long time for any momentum to come back.
SAM - TRADE SET UPI like the break here and the next support which is the 50EMA on the monthly. There is no support on the daily or weekly chart anywhere near this stock so the 50EMA is the next support.. Nice place to pick up some very nice cash on this trade using options. I bought 2 670 puts exp Sep 17th for $31.00 Enjoy
SAM killed the keg & is tapping a new one.Not a financial advisor.
SAM Boston beer had been absolutely slaughtered by share holders.
looks like we have found a bottom here on the weekly. Looking for this to close as an inverted Hammer on this current weekly candle then confirm uptrend next week. Potentially a very great entry for those willing. Weekly RSI is completely shot here.
Stoch is rounding out at the bottom which should soon curl upward.
Momentum still aiming downward.
SAM will recover, more people were drinking at home last year due to the pandemic.
Beverage industry has a shortage of products due to things flying off the shelves plus potential labor shortage.
Once people get back to freely going out in public and enjoying bars again we will see spikes in bev sales. I'm bullish on beer.
Still a risk here (Monthly Chart) but overall this appears to be the bottom.
It’s happy hour for $SAM$SAM has recently seen a decline in price from the $1300s down to the $650s. It’s starting to look like it may have found it’s general floor area and would be looking to bounce.
Looking at the 4hr, we may be able to expect a tiny bit lower off the bat at opening allowing for an entrance coming at $654. With the increased volume recently and further partnership news and product release we may be able to expect upwards of 61.8% if not 100% retracement, but it would be advised to take profits & adjust your stops along the way. On the daily momentum is about to flip bullish and RSI is near bottom, which bot support the bullish claim.
* This Content is for informational purposes only, you should not construe any such information or other material as investment, financial, or other advice.
Worth watching this $SAM daily chart!- Volume increasing:
Avg (30) - 166.68K
Avg (10) - 202.769K
Volume - 253.565K
- Small share float: 9.249M
Perfect setup for a swing:
Increasing volume
MACD cross
TEMA cross
Small share float
Can hold overbought areas
I'm not a financial advisor, do your own DD!
Twitter: @NJvanEkCapital
Technical Trade Setup: Boston Beer (SAM)I think the Trading View idea limit is 10 per day. I've got 2 left, so let's not waste our allocation :)
Boston Beer. Code is SAM. Stock has done very well with our analysis originally picking this up 2 years back at $242.
Now trading over $1000, the stock hit a high of $1349 in April. At current levels, the stock trades at the lower boundary of a medium term channel and is breaking to the upside of a short term channel.
Trade Levels:
Last Close: $1105
Buy Stop: $1125
Stop-loss: $1065
Target Range: $1255-$1305
$SAM with a bullish outlook following its earnings #StocksThe PEAD projected a slight bullish outlook for $SAM after a negative over reaction following its earnings release placing the stock in Drift C
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TWO NON-TECH GROWTH STOCK TO WATCH (FUNDAMENTALS) $BYND $SAM Welcome to another idea by Jose Najarro Stocks, don't forget to check the signature to learn more about me.
Make sure to follow for more content! Today I am looking at two stocks outside the tech growth market, seeing insane revenue growth or expecting strong growth shortly. This thread will be a quick read with some information on their fundamentals.
The first stock is $SAM
Market Cap ~$11.4B
YTD ~151%
Currently ~14% Down from ATH
Business: sells alcoholic beverages primarily in the United States. Samuel Adams Boston Lager. It offers various beers, hard ciders, and hard seltzers under the Samuel Adams, Twisted Tea, Truly Hard Seltzer, Angry Orchard, Dogfish Head, Angel City, Coney Island, Concrete Beach, Wild Leaf, and Tura brand names. Main costumers are wholesalers (domestic & international) who then sell to others.
Recent Earnings Q3 Non-Gaap EPS $6.10 | Gaap EPS $6.51 (Profitable)!
Revenue: 492.8M Up 30% Y/Y
Currently positive CFO and positive Earnings with analyst expectations to continue to grow as the years' progress.
Revenue growth is expected to be 28.5% annually on average for the next 3-5 years. I consider anything with an annual average growth of 15% to be high growth, so this is a hyper-growth!!
Very Strong Balance sheet, no debt, and plenty of cash!
I am more of a long-term investor, so technicals aren't much of a focus. Two things I check 1) The stock price is not over-extended from its moving averages 2) Currently at levels with strong volume with the stock price.
The second stock is $BYND
Market Cap ~$8.6B
YTD ~82%
Currently ~29% Down from ATH
Business: Beyond Meat, Inc., a food company, manufactures, markets, and sells plant-based meat products in the United States and internationally. Brands under the Beyond Meat, Beyond Burger, Beyond Beef, Beyond Sausage, Beyond Breakfast Sausage, Beyond Chicken, Beyond Fried Chicken, Beyond Meatball. The company sells its products through grocery, mass merchandiser, club and convenience store, natural retailer channels, direct to consumer, restaurants, food service outlets, and schools.
Recent Earnings Q3 Non-Gaap EPS $-0.28 | Gaap EPS $-0.31 (Not Profitable)
Revenue: 94.44M Up 2.7% Y/Y (Impressive that they saw growth even though pandemic has hit the restaurant business, most likely due to all new deals + expansion)
Currently negative CFO and Earnings with analyst expectations to continue and be positive by the end of 2021.
Revenue growth is expected to be 32.0% annually on average for the next 3-5 years. I consider anything with an annual average growth of 15% to be high growth, so this is a hyper-growth even bigger than $SAM!!
Very Strong Balance sheet, $50m debt, and $214m in cash, This is important since they are profitable or have +CFO, so they need to have strong cash.!
I am more of a long-term investor, so technicals aren't much of a focus. Two things I check 1) The stock price is not over-extended from its moving averages 2) Currently at levels with strong volume with the stock price after the huge pull-down.
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$SAM Boston Beer Company: Over-Extended & Priced For Perfection$SAM Boston Beer Company: Over-Extended & Priced For Perfection
Looking back long term whenever this stock gets 30-40% above it's 200d ema line its usually time for some kind of correction.
At its highest peaks it was over 40% above. Right now its over 45% above it with earnings approaching next week.
People aren't socializing as much or congregating in big groups. Bars which had opened are now being forced to close.
Even if they hit their EPS target for the quarter. The story for the near term will not be positive.
This stock is over-bloated and ripe for shorting.
Near Term Target: $575.00
If $575 support is broken we could easily see the $525-$550 range.
Note: Not investment advice.