[Premium] Trade Of The Week

JC Parets
July 5, 2021

This week we're looking for a long setup in the Consumer Goods section. There are certain stocks that are doing well, and we're definitely interested!

Let's see what we have today.

Heritage Foods has been gaining from strength to strength. In the week gone by, we witnessed a base breakout in this particular stock. The price moved past the level of 428 on its fourth attempt and broke out of a two-year base. With this move, the indicator too is in the bullish momentum territory adding conviction to the setup.

We are bullish above the risk management level of 430, with a target of a little over 600.

Consumer goods has some interesting names that are doing well and this is of them!

Thanks for reading and please let us know if you have any questions.

And if you're a Premium Member, be sure to check out our other weekly post, "Three Charts For The Week Ahead."

Allstarcharts Team

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