Traeger | COOK | Long at $2.50
Traeger 
COOK is in an accumulation zone and approaching a change in the downward trend based on my selected simple moving average. Insiders have shown confidence in future price improvement by buying shares and being awarded options in the low 2s. With a 58M float and anticipated earnings improvement through 2027, this ticker may be poised for a run soon. There is a tiny gap in the daily chart between $2.19 and $2.20 that may get filled before then, but Traeger has a strong brand name and can be found in multiple big box stores. A slowing economy may dampen this move in the near-term, but COOK is in a personal buy zone at $2.50.
Target #1 - $4.15
Target #2 - $5.00
Target #3 - $8.50
Target #4 - $19.00 (very long-term...)
COOK is in an accumulation zone and approaching a change in the downward trend based on my selected simple moving average. Insiders have shown confidence in future price improvement by buying shares and being awarded options in the low 2s. With a 58M float and anticipated earnings improvement through 2027, this ticker may be poised for a run soon. There is a tiny gap in the daily chart between $2.19 and $2.20 that may get filled before then, but Traeger has a strong brand name and can be found in multiple big box stores. A slowing economy may dampen this move in the near-term, but COOK is in a personal buy zone at $2.50.Target #1 - $4.15
Target #2 - $5.00
Target #3 - $8.50
Target #4 - $19.00 (very long-term...)
Comment
Target #1, adjusted to represent the center point of my selected historic simple moving average, was reached today at $3.96. This was a 58.4% increase from entry at $2.50.
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