yesterdays break and hold above the trend line indicates stock price of 15 is coming quickly. Need to break and hold 15 and then it's clear skies above and nary a limit to the future price.
LWAY has historically followed predictable chart patterns such a the cup with handle breakout and this time should be no different. So probability of hitting 15 over the next 2 weeks is about 85% in my book. We'll see. Of course I want the break and hold above and will be comfortable holding above 15 until next quarterly report. The News on the opening of Starfruit Shop in Chicago could be the catalyst to push even higher though. Have never felt better about LWAY than now - mostly tied to the IBD strong ratings which have served me very well in the past.
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