ROX - Trend Reversal - HOW HIGH CAN IT GO?Castle Brands Inc. develops and markets premium and super premium brands in the beverage alcohol categories. The Company is engaged in the sale of premium beverage alcohol. Its beverage alcohol categories include rum, whiskey, liqueurs, vodka and tequila. Its brands include Gosling's rum, Gosling's Stormy Ginger Beer, Gosling's Dark 'n Stormy ready-to-drink cocktail, Jefferson's bourbon, Jefferson's Reserve, Jefferson's Ocean Aged at Sea, Jefferson's Wine Finish Collection, Jefferson's The Manhattan: Barrel Finished Cocktail, Jefferson's Chef's Collaboration, Jefferson's Wood Experiment, Jefferson's Presidential Select, Jefferson's Rye whiskey, Pallini liqueurs, Clontarf Irish whiskey, Knappogue Castle Whiskey, Brady's Irish Cream, Boru vodka, Tierras tequila, Celtic Honey liqueur and Gozio amaretto. It has operations in two geographic areas: International and the United States. The Company distributes its products in all 50 states of the United States and the District of Columbia.
SHORT INTEREST
3.6M 07/15/19
Average Recommendation: OVERWEIGHT
Average Target Price: 1.35
P/E Current
16.68
P/E Ratio (with extraordinary items)
16.65
P/E Ratio (without extraordinary items)
21.23
ROX
$ROX Long SetupROX ascending triangle combined with fundamental tailwinds. Under-priced compared to industry competitors.
ROX LongROX Castle Brands:
Look at the amount of insider buying, especially by the CEO Richard J. Lampen: has invested nearly half a million in his own company by purchasing 600k shares at an average price of .94 over the last year.
They have the new distribution deal with Walmart, and the acquisition of 80% percent of Goslings Bradl Liquor. Liquor and soda mixes well, and in this case it's a damn good tasting ginger beer, which is used to make the Moscow Mule that is gaining popularity in just about every major city.
Earnings report expected in the near future. I see a giant bull flag.
Graph has shifted due to 15 min time frame to post You can look at my 5 minute here, and it looks a lot better:
ROX Castle Brands Gartley pattern. Expecting a breakout above 1.50 and upward momentum to previous high of 2.04 and above.
