Sales and earnings growth is intact
Their situation post merger is materially better. Last q gave an exciting insight of things to come with Revenue growth. Buy on support
A beautiful chart, an earnings beat, great industry fundamentals for pork (swine flue) and chicken (better pricing) and possible an end of the China trade war show a clear path to $84.
This may be the start of a handle as the formation of the cup was not enough to sort out these shares. Solid fundamentals with 18% sales growth an a modest increase of full year guidance .
After earnings the stock clearly broke down. It is at resistance now and it it breaks through things could get ugly.
Each time the stock reached the top of the range it quickly retreats to the bottom of the range presenting trading opportunities.
Strong move off the bottom today on fundamentals. Looks to be at resistance now. Next stop $62.