Long Position on CAVA @ $51.00 on 7/27/2023 (Momentum)

CAVA Group, Inc. (CAVA) owns and operates a chain of Mediterranean restaurants. 

The company offers salads, dips, spreads, toppings, and dressings. It sells its products through whole food markets and grocery stores. The company's style is similar to Chipotle Mexican Grill.

The company also provides online food ordering services.

Shares of this recent IPO have formed a bullish "flag" and higher share prices are expected.

Entry Point: $51.00

Stop Loss: $48.00

Trading Range: $36.45 to $54.86

Target Price: $56.10

Position closed on 9/3/2023 at price of $56.50 with a 10.78% gain in 38 days.

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