Long Position on SMPL @ $17.75 on 8/28/2018 (Momentum)

The Simply Good Foods Company (SMPL) develops, markets, and sells branded nutritional foods and snack products in North America and internationally.

The Simply Good Foods Company, or “Simply Good Foods”, is the company created by the business combination of Conyers Park Acquisition Corp. and Atkins Nutritionals, Inc.

Simply Good Foods will look to expand its platform through investment opportunities in the snacking space and broader food category.

Over time, Simply Good Foods will look to become a portfolio of brands that bring simple goodness, happiness and positive experiences to consumers and their families. 

The company markets nutrition bars, ready-to-drink shakes, snacks, and confectionery products under the Atkins, SimplyProtein, Atkins Endulge, and Atkins Harvest Trail brand names. 

Shares have formed a bullish "cup and handle" and are expected to move higher out of this formation.

Entry Point: $17.75

Stop Loss: $16.85

Trading Range: $10.93 - $18.24

Target Price: $19.53

Updates

11/7/2018 10:40:44 AM

SMPL closed at $19.65

Position closed on 11/7/2018 at price of $19.65 with a 10.70% gain in 71 days.

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