Saputo Group, fight the trend long to 31-32$Saputo Inc. is a Canadian dairy company based in Montreal, Quebec, founded in 1954 by the Saputo family. It produces, markets, and distributes a wide array of dairy products, including cheese, fluid milk, extended shelf-life milk and cream products, cultured products and dairy ingredients and is one of the top ten dairy processors in the world.
SAP trade ideas
Another Opportunity in SAP.TOSAP broke above a complex consolidation this morning. This is teh second trading opportunity within the last couple months. Like that we had a little false downside breakout recently which was followed by aggressive buying the last two days. Target is conservative and may be used. Can also utilize ATR Stops as a trail...if price closes below the indicator line, move the stop loss to just below the low of that day.
COmpany has been growing earnings quite nicely for last several years.
Potential Upside in SAPOverall this stock is in a long-term uptrend, but has been pulling back in 2017. Over the last couple months the stock has formed a bullish pattern indiacting the multi-month pullback could be over. Looking for a conservative target just below prior highs. Can also utilize ATR Stops as a trailign stop loss.
No earnings out for a while, but I exit swing trades prior to earnings.