LD_Perspectives

Technical Trade Setup: Boston Beer (SAM)

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NYSE:SAM   Boston Beer Company, Inc. (The)
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Boston Beer. Code is SAM. Stock has done very well with our analysis originally picking this up 2 years back at $242.

Now trading over $1000, the stock hit a high of $1349 in April. At current levels, the stock trades at the lower boundary of a medium term channel and is breaking to the upside of a short term channel.

Trade Levels:

Last Close: $1105
Buy Stop: $1125
Stop-loss: $1065
Target Range: $1255-$1305



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