Suds Stocks
June 29th, 2006 by BWV
I’ve been tracking the brewers of Samuel Adams adult beverages — Boston Beer (SAM) — since it popped up on a New High screen last week.
Those gains held. The last 4 days of sideways chop suggests that these new prices are “accepted” now. Today the market served up a 3% move on nice volume to new All Time highs. Client accounts got long on the intraday pullback to 28.66. I’m hoping this can turn into a long term play.
The booze sector seems to be attracting money. We have also grabbed liquor giant Diageo and a microcap stock with huge growth, Willamette Valley Vineyards.
Muchos gracias to the developers in TradeStation forums for help designing my current set of chart indicators.. Also thanks to TradeTheMarkets.com guys for discussing the practical appliation of these tools.
Long SAM, DEO, WVVI
