J&J Snack Foods Corp. : Continuation of the bullish trend
March 21, 2013 at 09:50 am EDT
By
Share
BUY
Live
Entry price
Target
Stop-loss
Potential
$73.87
$0
$70.9
-100%
The USD 79.9 resistance is in line of sight.
From a fundamental viewpoint, the company is strong. The Thomson Reuters consensus revised regularly upward EPS estimates of the company for the current year. The great business predictability emphasize the quality of this investment in the mid-term.
Technically, the security shows a bullish configuration on all time scales. Prices are supported by increasing moving averages. In daily data, the 20-day moving average helps the stock to keep its uptrend.
Thanks to these good indicators, it seems relevant to take a long position in J&J Snack Foods at the current price. The target price is the USD 79.9 resistance. A stop loss will be fixed under the USD 71 short term because a breakdown of this level would damage technical pattern.
J & J Snack Foods Corp. manufactures snack foods and distributes frozen beverages which it markets nationally to the foodservice and retail supermarket industries. The Company operates through three segments: Food Service, Retail Supermarkets and Frozen Beverages. The primary products sold by the Food Service segment are soft pretzels, frozen novelties, churros, handheld products and baked goods. The primary products sold to the retail supermarket channel are soft pretzel products including SUPERPRETZEL and AUNTIE ANNEâS, frozen novelties including LUIGIâS Real Italian Ice, MINUTE MAID Juice Bars and Soft Frozen Lemonade, WHOLE FRUIT frozen fruit bars and sorbet, DOGSTERS ice cream style treats for dogs, PHILLY SWIRL cups and sticks, ICEE Squeeze-Up Tubes and handheld products. This segment also offers Thinsters. The Company sells Frozen Beverages to the foodservice industry primarily under the names ICEE, SLUSH PUPPIE and PARROT ICE in the United States, Mexico and Canada.
J&J SNACK FOODS CORP. 
