Long Position on BETR @ $15.75 on 7/19/2016 (Momentum)

Amplify Snack Brands, Inc. (BETR) develops, markets, and distributes better-for-you snacking products in the United States and Canada.

It provides ready-to-eat popcorn in various flavors, including original, white cheddar, black pepper and sea salt, naturally sweet, dusted dark chocolate, jalapeño, and hatch chile flavors under the SkinnyPop brand name; and tortilla chips in sea salt delights, nacho cheese especial, roasted jalapeño, grilled habanero, very verde good, and haunted ghost pepper flavors under the Paqui brand name.

Amplify Snack Brands, Inc. offers its products through direct sales in combination with sales brokerage firms; and natural and conventional grocery, drug, convenience, club, mass merchandise, and independent food distributor channels, as well as over the Internet through third-party Websites. 

Shares of this recent IPO have formed a bullish "cup and handle" and higher share prices are expected for this stock. 

52-Weeks Trading Range: $9.15 to $17.20

Entry Point: $15.75

Stop Loss: $14.75

Target Price: $17.33

Updates

8/1/2016 9:54:52 AM

BETR closed at $14.10.

Position closed on 8/1/2016 at price of $14.10 with a -10.48% loss in 13 days.

Back to Portfolio