Long Position on FIZZ @ $80.00 on 11/11/2020 (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.

National Beverage Corp. operates as a subsidiary of IBS Partners, Ltd.

The stock is forming a "double bottom" formation, which suggests that share prices should be moving higher.

Entry Point: $80.00

Trading Range: $35.71 to $93.41

Stop Loss: $76.00

Target Price: $88.00

Updates

11/16/2020 11:43:46 AM

FIZZ closed at $92.50

Position closed on 11/16/2020 at price of $92.50 with a 15.63% gain in 5 days.

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