This company came to my attention by reviewing IBD’s Stocks on the move on 10/23/18. This had made a new high and it was under $40. I had room available in my portfolio for that.
I bought the next day within the opening hour. This traded down that day and day after and the day after. I was down 3.5% in 3 days and had considered on just closing out the position, but held till this morning. Today was a good day and made that back.
They have moved into “plant based” products and this is a $3.7 billion market. Zack’s had this industry group at the bottom 1%. So I’m not thinking this is going to shoot to the moon.
IBD Rankings today
Composite Rating: 84
EPS Rating: 76
RS Rating: 94
Group RS Rating: D+
SMR Rating: B
Acc/Dis Rating: C
ROE: 18.1%
Debt: 5%
Outstanding Shares: 533.1m
EPS Due Date: 11/19/18
Dr Alexander has a triple screen for viewing charts and Trading for a Living is why I use the following charts
HRL 5 Year Monthly from Bigcharts 2018-10-29HRL 1 Year Dailly from Bigcharts 2018-10-29HRL 3 Month Dailly from Bigcharts 2018-10-29HRL 3 Month Dailly from Stockcharts 2018-10-29
2018-11-20
I closed out my position today, because they are reporting earnings tomorrow. This had been increasing on lighter volume and that told me that a drop is due. See Accumulation/Distribution
I got filled at $45.74 at the open and locked in a gain. This will still be on my watch list for a while either way the earnings announcement goes
This trade idea came from my weekly review on 06/06. This was on my IBD Total Stock Market Screener. I have this tuned for high financial and lower on the RS. I've also traded this stock before
Sprouts was on Investor's Business Daily Stocks on the Move on 06/02. My IBD Screener on 05/28.The timing seems to be good. I had missed the up move before and it is currently consolidating. SFM is also #17 in the current IBD50
With the current market conditions I am reluctant in owning stocks outright. So, I have been using Call options to limit the overal risk. By buying the Call option I am limiting my loss to the amount that I paid for the option
This trade idea is a stock substitution play with an earnings play as well
I bought this stock today, because the announced positive earnings and I had been watching this stock since 2018-02-12. This has been featured in Investors Business Daily
The day I bought was very volatile with a 10.5% range on strong volume 178%. I got my order filled at $25.96 and a 7% stop loss is $24.14
Current IBD Ranking
1 rank in group
95 Comp
94 EPS
83 RS
C- group
B SMR
B+ Acc/Dis
3 Month Daily Chart from bigcharts.com
SFM_3mo_Daily_bigcharts
SFM_3mo_Daily_stockcharts
SFM_1yr_Weekly_Bigcharts
SFM_5yr_Daily_Bigcharts
2018-03-08
I had gotten stopped out when it closed at 24.11 and my order was filled at 24.45. I am looking for another opportunity...
2018-10-18
I had kept this on my stock list for a while and then archived it. Then it showed up in the Investor's Business Daily IBD Weekly VOL 35 N.O. 28 Week of October 15, 2018 -IBD50 Ranking #41
Then today I bought a call option that was At The Money (Option Pricing).
I got filled at: $1.93 with the stock at $27.26
0% stop: $0.00
+20% Target: $25.04
Dr Alexander has a triple screen for viewing charts and Trading for a Living is why I use the following charts
SFM 5 Year Monthly from Bigcharts 2018-10-18
SFM 1 Year Daily from Bigcharts 2018-10-18
SFM 3 Month Daily from Bigcharts 2018-10-18
SFM 3 Month Daily from Stockcharts 2018-10-18
2018-11-01
I closed out of the position today, because they had posted earnings an the market reaction was neutral. I lost about $100 and I'm about done just buying options altogether
I got filled at .80 So I lost $113
SFM 3 Month Daily from Stockcharts 2018-11-01
SFM-5-Year-Monthly-from-BigCharts-2020-06-05-1
SFM 2 Year Weekly from BigCharts 2020-06-05SFM-3-Month-Daily-from-BigCharts-2020-06-05SFM 3 Month Daily from StockCharts 2020-06-05
