Long Position on ACI @ $30.00 on 9/22/2021 (Momentum)

Albertsons Companies, Inc. (ACI), through its subsidiaries, engages in the operation of food and drug stores in the United States. 

The company's food and drug retail stores offer grocery products, general merchandise, health and beauty care products, pharmacy, fuel, and other items and services.

As of February 27, 2021, it operated 2,277 stores under various banners, including Albertsons, Safeway, Vons, Pavilions, Randalls, Tom Thumb, Carrs, Jewel-Osco, Acme, Shaw's, Star Market, United Supermarkets, Market Street, Haggen, Kings Food Markets, and Balducci's Food Lovers Market; and 1,727 pharmacies, 1,313 in-store branded coffee shops, 400 adjacent fuel centers, 22 distribution centers, and 20 manufacturing facilities, as well as various digital platforms.

The company was founded in 1860 and is headquartered in Boise, Idaho. Albertsons Companies, Inc. is a subsidiary of Albertsons Investor Holdings LLC.

Shares are in an early part of a bullish "cup and handle." We recommended this stock on September 1st as shares were coming out of a bullish flag at $30, took profit at $33. This stock is under accumulation by institunional investors.

Entry Point: $30.00

Stop Loss: $28.50

Trading Range: $13.17 to $34.09

Target Price: $33.00

Position closed on 10/20/2021 at price of $31.00 with a 3.33% gain in 28 days.

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