Long Position on FIZZ @ $82.75 on 10/19/2020 (Fundamentals)

National Beverage Corp. (FIZZ), through its subsidiaries, develops, produces, markets, and sells a portfolio of sparkling waters, juices, energy drinks, and carbonated soft drinks primarily in the United States and Canada.

The company offers beverages to the active and health-conscious consumers, including sparkling waters, energy drinks, and juices under the LaCroix, LaCroix Cúrate, LaCroix NiCola, Clear Fruit, Rip It, Everfresh, Everfresh Premier Varietals, and Mr. Pure brands; and carbonated soft drinks under the Shasta and Faygo brands.

It serves retailers, as well as various smaller up-and-down-the-street accounts through the take-home, convenience, and food-service distribution channels. National Beverage Corp. was founded in 1985 and is based in Fort Lauderdale, Florida.

The stock is a market leader and with a year-to-date gain of 61%. This year-to-date increase includes a 22% surge so far in October, as National Beverage stock rebounds from a test of support at its 10-week line. The momentum should push stock price higher.

Entry Point: $82.75

Stop Loss: $78.60

Trading Range: $35.71 - $86.27

Target Price: $91.00

Updates

10/21/2020 10:10:43 AM

FIZZ closed at $88.50

Position closed on 10/21/2020 at price of $88.50 with a 6.95% gain in 2 days.

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