LONG JM SMUCkER
A; local favorite around here .. the JM SMUCKER company is paying a nice 3.0% yield on their div and has also formed a cup and handle pattern on the daily and looks like it's about to take off to break ATHs soon It had trouble breaking $135 last week, but it didn't crash like the rest of the market After reporting earnings on the 23rd and beating expectations in by 18%; they were able to open at $131.26 after closing the previous day at $126.44 Even with all the FUD in the market they closed at $130.95 Once they break $135, the last major resistance sitting between them and the previous all-time high of 157.31i is $139.77
I'm gonna buy asap to lock in my div yield and enjoy the (hopefully) ride up.
I'm gonna buy asap to lock in my div yield and enjoy the (hopefully) ride up.
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