SAM trade ideas
This One Should Close The Week Out Strong
It bounced off the 50 MA on the 5th, crossed the 20 MA yesterday, and confirmed today by closing above the 20 - and with a bullish cross on the Macd ....you be the judge.
SAM: Love this company...balancedI had great success last earning and cannot forget that. This is setting up very similarly again. Earnings next week and I am once again bullish.
My TOP play:
SAM May 17th -- 290 calls
gl
Short (Sell) position on SAMAfter appx 190 days of consolidation which followed a 364 day uptrend, SAM has begun to break previous levels of support, and continues to trend down.
SAM new years new gainsNew year, new gains! Wait for reversal and confirmation this could be some much needed gains, bounce baby bounce!
$SAM Boston Beer Co - Long Term Bull Flag$SAM Boston Beer Company - Bull flag which began back in July has formed on the weekly chart. Long term price target $425-$450 area by December 2019.
Long term price projection dependent on continued strong earnings and market fundamentals into next year. Breakout to new highs next year will most likely require continued beverage innovation and possibly an additional small brewery acquisition (i.e. Angel City, Coney Island, Concrete Beach).
SAM 2019 options are for the most part thinly traded and expensive, but that doesn't mean there isn't opportunity. I'm looking at a December'19 390/450 bull call spread for a debit of about $600 per contract. Max profit = $6,000 or 10x.
If we can bounce from the current price level and eventually break out of the flag pattern to the upside, a strong break through the $325 level would be a solid confirmation. If we breakdown out of this bull flag and below the 50d ema on the weekly chart, I could see us down around $200 by end of February.
Note: Informational analysis, not investment advice.
$SAM Boston Beer Long-term C&H$SAM Boston Beer Co. forming what looks like a possible cup&handle pattern on the weekly chart. Monitoring for a break of $330 level for a confirmation.
A couple possible medium/long term targets on chart. Note: next ER end of October.
Note: Informational analysis, not investment advice.
SAM pass me another beerAgain as a college student, I do love my beer for drinking games, crying, relaxing etc. BTFD nice dip and bouncing could be some great gains needs more conformation on uptrend and I'm buying be some shares and beers.
$SAM Boston Beer Co Overbought on Weekly Chart$SAM Boston Beer Co looking overbought at all-time high resistance on the weekly chart.
I would expect a short term sub-300 correction and some profit taking leading up to ER 07/26/18.
Stock looking very over-extended...if earnings isn't a home run expect a further correction possibly to the area of $250-$260 by fall.
Near 3 year lowSam is approaching a a three year low 144.I would buy here and sell at 160. SL is 139
BUYING SAM (AGAIN)SAM IS BACK TO SUPPORT AND THE LOWER BOLLINGER BAND. THIS AMERICAN COMPANY CONTINUES TO BUY BACK SHARES AND I BELIEVE THAT IT MAY TAKE ITSELF PRIVATE, OR BE BOUGHT IN THE FUTURE....OZ
GAP DOWN BUYBROUGHT YOU THIS ONE A MONTH AGO @ $156.75 AND TRADED OUT OF IT FOR A PROFIT IN 164 AREA. EARNINGS LAST NIGHT DISAPPOINTED AND STOCK IS TRADING DOWN 12 OR SO BACK TO $154-155 AREA. WILL BUY IT THIS MORNING IN THAT RANGE FOR ANOTHER BOUNCE OF $8-10.
REMEMBER, AMERICAN COMPANY SELLING IN AMERICA AND MANAGEMENT HAS BEEN BUYING IN STOCK FOR 3 YEARS. I EXPECT THEY'LL TAKE ADVANTAGE OF THIS DROP....OZ
Long SAMLong Sam based on daily indicators are slightly bullish.My target to sell is 164.Sell a week before earning and buy the day before earning to avoid the usual sell off before earning.
READY FOR A BOUNCESAM is an American Company making Beer right here. Has been buying back its own stock for years.Great support here @ $155, OUTSIDE lower Boll. Band. Options thin and expensive so you'll have to use the stock...OZ
$SAM falling wedge on daily - gap above to fill$SAM falling wedge on daily. Looks to be breaking north.
Gap open to 305.
SAMLane Divergence a top pick going into next week, still very dangerous, but a lane divergence and good hold of the channel in a down market
