JJ1 trade ideas
Some StrenghtDespite the SPX correction of yesterday, the stock closed in a positive area giving us a green candle.
Means Strenght.
#stockstowatch
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J&J Snacks, long entry setup on breakout potential.Entry level $201
Price target $230
Stop loss $193
Average analysts target $192
P/e ratio 39
Short 8.9%
COMPANY PROFILE
J&J Snack Foods Corp. engages in the manufacture of nutritional snack foods and distribution of frozen beverages to the food service and retail supermarket industries. It operates through the following segment: Food Service, Retail Supermarkets, and Frozen Beverages. The Food Service segment includes soft pretzels, frozen juice treats and desserts, churros, dough enrobed handheld products, and baked goods. The Retail Supermarkets segment offers soft pretzel products including Superpretzel, frozen juice treats and desserts, including Luigi's real Italian ice, Minute Maid juice bars and soft frozen lemonade, Whole Fruit frozen fruit bars and sorbet, Philly Swirl cups and sticks, ICEE Squeeze-Up Tubes and dough enrobed handheld products including Patio burritos. The Frozen Beverages segment provides frozen beverages to the food service industry primarily under the names ICEE, SLUSH PUPPIE, and PARROT ICE in the United States, Mexico, and Canada; as well as repair and maintenance service. The company was founded by Gerald B. Shreiber on September 27, 1971 and is headquartered in Pennsauken, NJ.
BUY JJSF Rising Wedge ContinuationNASDAQ:JJSF
Rising Wedge over many years w a good squeeze now
Consolidated candlesticks giving a buy pinbar
BUY at 162, SL at 149.5 just below the pinbar low
