Long Position on NOMD @ $20.80 on 9/18/2018 (Momentum)

Nomad Foods Limited (NOMD) manufactures and distributes frozen foods in Western Europe.

The company offers fish products, including fish fingers, coated fish, and natural fish; vegetables, such as peas and spinach; and poultry and meat products comprising nuggets, grills, and burgers.

It also provides meals products that include ready to cook noodles, pasta, lasagne, pancakes, and other ready-made meals; and other products, such as soups, pizzas, and bakery goods.

The company sells its products to supermarkets and food retail chains directly or through distribution arrangements primarily under the Birdseye, Findus, and Iglo brands.

Shares have formed a bullish "cup and handle" and highr share prices are expected for this stock.

Entry Point: $20.80

Stop Loss: $19.75

Trading Range: $14.32 - $21.15

Target Price: $22.88

Updates

3/5/2019 12:12:13 PM

NOMD closed at $21.15

Position closed on 3/5/2019 at price of $21.15 with a 1.68% gain in 168 days.

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