$SJM has been in a persistent downtrend since the beginning of March 2017. However, there was a major reversal signal from VantagePoint’s PMA on May 18th. This is a signal for a new opportunity to get long the market.
Below is a summary on the recent market movement of SJM as of May 22.
100 SHARES = $12,526
ENTRY Price on 5-19-17 = $125.26 Close price as of recent chart (5-22-17) = 126.96 Potential profit = $1.70 per share Current Stop Loss = $123.80 This is $1.46 away from entry price and our current risk per share
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