Long Position on BGS @ $26.50 on 7/18/2012 (Momentum)

B&G Foods (BGS) engages in the manufacture, sale, and distribution of shelf-stable foods in the United States, Canada, and Puerto Rico. It offers shelf-stable Mexican food, including taco shells, tortillas, seasonings, dinner kits, taco sauces, peppers, refried beans, salsas, and related food products; maple syrups, gourmet salad dressings, sugar free syrups, marinades, fruit syrups, confections, pancake mixes, and organic products; hot cereals; fruit-based spreads and jarred wet spices, such as chopped garlic and oregano; and enchilada sauce, chili sauce, and various pepper products. The company also provides shelf-stable pickles, peppers, relishes, olives, and other related specialty items; meat spreads, including deviled ham, white-meat chicken, white-meat turkey, roast beef, and liverwurst; baked beans and brown bread; flavor enhancers used on beef, poultry, fish, and vegetables; a line of pasta sauces, seasonings, cooking stocks, mustards, salsas, pepper sauces, dip mixes, and cooking sprays; and pizza and spaghetti sauces, whole and crushed tomatoes, and tomato puree. In addition, it offers canned beans, such as kidney, chili, and other beans; calorie free sugar substitutes; vinegars and cooking wines for use in the preparation of salad dressings, as well as in various recipe applications; static elimination sprays; sprinkles in butter and cheese flavors; mild and full-flavored molasses products, and blackstrap molasses products; and maple-flavored syrups. B&G Foods, Inc. distributes its products through a network of independent brokers and distributors to supermarkets, mass merchants, warehouse clubs, wholesalers, food service distributors and direct accounts, specialty food distributors, military commissaries, and non-food outlets. Shares have formed a bullish Cup & Handle and are expected to move higher out of this formatiion.

Position closed on 8/17/2012 at price of $29.10 with a 9.81% gain in 30 days.

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