Long Position on LW @ $70.10 on 7/9/2018 (Momentum)

Lamb Weston Holdings, Inc. (LW) produces and markets value-added frozen potato products worldwide.

It operates through four segments: Global, Foodservice, Retail, and Other.

The company offers frozen potatoes, sweet potatoes, and appetizers under the Lamb Weston brand name, as well as various customer labels.

It serves retail and foodservice customers; grocery, mass, club, and specialty retailers; and businesses, independent restaurants, regional chain restaurants, and convenience stores, as well as educational institutions. 

Shares of the recent spin-off from Con-Agra have formed a bullish "cup and handle" and are expected tohead higher from this formation. 

Entry Point: $70.10

Stop Loss: $66.60

52-Weeks Trading Range: $42.58 - $70.50

Target Price: $77.11

Updates

10/31/2018 12:38:35 PM

LW closed at $77.60

Position closed on 10/31/2018 at price of $77.60 with a 10.70% gain in 114 days.

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