Nishant Pant is analyzing Boston Beer (SAM) and sees an opportunity for a bearish trade.
After missing earnings estimates back in February 2024, Boston Beer has been stuck in a very bearish downtrend and just hit a fresh 52-week low on Tuesday. We'll construct an options trade to capitalize on the breakdown. To confirm a bearish bias, I am using 2 technical indicators in the chart below: RSI : RSI attempts to measure the momentum of a stock's price movement. In SAM's case, RSI has been dropping sharply since Maty 10, confirming bearish momentum.
Click here for the full disclaimer.Tony Zhang
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