NEW BULLISH Plays
Flowers Foods, Inc. - FLO - close: 23.88 change: +0.24
Stop Loss: 22.99
Current Gain/Loss: unopened
Entry on July -- at $--.--
Listed on July 17, 2013
Time Frame: exit PRIOR to earnings in mid-August
Average Daily Volume = 923 thousand
New Positions: Yes, see below
Why We Like It:
FLO is in the consumer goods sector. The company makes baked goods.
The stock recently had a 3-for-2 split on June 20th. Fortunately there was little to no post-split depression. Shares have followed the market higher and now they are testing resistance at the all-time high set in May.
I am suggesting small bullish positions if FLO can traded at $24.25. If triggered our target is $26.50. However, we will plan to exit prior to the company's earnings report in mid August.
Trigger @ 24.25 *Small Positions*
Suggested Position: buy FLO stock @ (trigger)