J & J Snack Foods Corp. (JJSF)
J&J Snack Foods is a New Jersey headquartered American maker of snack foods and frozen beverages. It is a market leader in the soft pretzel segment. The company has grown its revenues for 48 consecutive years. The company’s products are sold at supermarkets, restaurants, vending machines, schools, snack bars, theme parks, and sports stadiums. The company has 25 brands under its belt and a reputation for bringing out innovative new products. These strengths are expected to be the primary drivers of J&J Snack Foods’ long-term growth.
The long term monthly chart for J&J Snack Foods shows a consistent uptrend. This uptrend peaked in September 2019 before the price crashed by about 47% over the next 6 months. The price reached a bottom in March 2020 when it broke a historical support level at 125 and the bottom of the long-term trend.
However, starting April 2020, the price rose by 25% over the next four-and-a-half months. In August, the price went back above the 125 support level which could have acted as a resistance. The next likely target now looks to be around 195. A stop loss can be placed below the bottom of the long-term trend, somewhere near 110.
On the video and images above you will see the reason this stock was selected.
You will see the image is of a monthly chart of the stock showing the long-term upwards trend formed over the years. You will also see the entry point and the where the stop loss is placed. For more information please watch the video given.
Once it is time to move the original stop loss up you will see an additional image.