BYND: Buy at 142.61 with profit target at 208.95BYND, Beyond Meat, could have a potential Flat Base breakout next week. On 08/27 there was a potential gap up buy but it closed below the 50DMA, which is a sign of weakness. It is now making another attempt to close above the 50DMA then the 10WMA. If the price holds above the moving averages level and consolidates a bit there is a potential buy next week at 142.61. Then the next level to watch would be a close above 167.26. If the price does close above 167.26 then the volume better be at least 50% or else that would be a sell.
The fundamentals are looking great. Sales and EPS are both increase and top fund like Federated Herm Kaufmann Small Cap (FKASX) owns it too.
Yearly EPS
2017: -.51
2018: -.49
2019: .04
2020: .10 estimated
2021: .60 estimated
Sales Quarterly Increase
Sep-19: +250%
Dec-19: +213%
Mar-20: +141%
Jun-20: +69%
