Traeger COOK is in an accumulation zone and approaching a change in the downward trend based on my selected simple moving average. Insiders have shown confidence in future price improvement by buying shares and being awarded options in the low 2s. With a 58M float and anticipated earnings improvement through 2027, this ticker may be poised for a run soon. There is a tiny gap in the daily chart between $2.19 and $2.20 that may get filled before then, but Traeger has a strong brand name and can be found in multiple big box stores. A slowing economy may dampen this move in the near-term, but COOK is in a personal buy zone at $2.50.
Target #1, adjusted to represent the center point of my selected historic simple moving average, was reached today at $3.96. This was a 58.4% increase from entry at $2.50.
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עסקה פעילה
Added more to my position on this last dip. Current average = $2.36. The chart is setting up nicely for a rip IF the company outperforms in any way.
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