BOBE Long on technical support @ 38.85

29 Ağu 2016

Bob Evans has been hammered over the last 18 months yet its fundamentals are still strong. With earnings on the 31st and strong support in the ~36 region I like a long position going into earnings. Any positive surprise will cause the stock to jump and technical downside should be limited if earnings are lack luster. Price target has been set conservatively at 43 with a stop at 35.60. (If you follow my 10,000 USD base account recommendations long 100 shares. The risk reward is 430/320 USD).