Sanderson Farms (SAFM) - revisiting an earlier post
Back on April 21st we wrote the following post on Sanderson Farms Inc. (SAFM) - " Sanderson Farms Inc. (SAFM) as well as other chicken producers rallied Monday after Pilgrim's Pride Corp. (PPC) said it would cut production because of rising feed costs. The production cuts announced by Pilgrim's Pride Corp. (PPC), the nation's largest chicken processor, are expected to be about 5 percent in the second half of the year.  The move was supported by analysts, who think cutbacks will help control costs and drive up demand.

With a FusionIQ Master Technical score of 90 and close to 26.00 % of its float short in addition to a new FusionIQ timing BUY signal SAFM looks to have the wind at its back.  This positive liquidity squeeze offers plenty of upside return potential and projects an upside price target of $ 56.00 based on objective point and figure counts. "

At the time we published the original post SAFM has just scored both a FusionIQ short squueze and breakout.  Stocks that score both short squeezes and breakouts simultaneously tend to have powerful institutional liquidity powering them.  SAFM shares were priced 41.70 at the time of the original post and they have since rallied over 14.00 % to 47.71.  Our then point and figure target of 56.00 still stands. 

 

To find more stocks that show up as both short squeezes and breakouts sign up today at https://www.fusioniqrank.com/signup.php


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