JM Smucker says, “It’s Peanut Butter Jelly Time!!!”
Stock: J.M. Smucker (SJM)
Long or Short: Long
Entry: 90.25
Stop-Loss: 87.97
Chart: J.M. Smucker (SJM) Daily
Reason for Trade: It does report earnings on Friday which is reason that I will only hold this stock at a max, through tomorrow. If the earnings are fairly straight forward and doesn’t move the stock at all, then I will probably use it as an opportunity to reload on the stock.
But overall this is a great breakout of the box of consolidation it had been in prior to and if all things go well, could see a respectable move in the next few days.
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