Campbell’s Soup (CPB)
Today’s Chart of the Week trade comes from our Follow the Flow Report.
This report specifically scans for unusual options activity with extremely specific, large directional bets not being hedged with another trade.
This trade reveals opportunities that otherwise could easily be overlooked.
This week, the report’s big winner is Campbell’s Soup (CPB).
When we look closely at the chart, this stock looks like a wreck.
Factor in the rising costs of steel, aluminum, and metals, and Cambell’s finds itself facing lower and lower profits.
We are SELLING CPB if it is below 40.
To be clear, above $40 per share, we are out.
But below $40, we are short with a target of $32.50.
Low risk, high reward as always.
Til next week, good trading,
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