Today, I want to introduce you to B&G Foods Inc. (BGS). This is one of the few stocks that have acceptable behavior over the past weeks. Today, BGS closed at US$19.44 (+5.14%) with a volume almost 3 times the number of shares are traded daily. As you can see in the following chart, this stock has been a way to break a major resistance level.
Indicators such as MACD and Money Stream (which are what I commonly use), are willing to confirm this break. Of doing, BGS would restart an important way up.
B&G Foods, Inc., together with its subsidiaries, engages in the manufacture, distribution, and sale of shelf-stable foods in the United States, Canada, and Puerto Rico. It offers shelf-stable Mexican food, which includes taco shells, seasonings, dinner kits, taco sauces, peppers, refried beans, salsas, and related food products; gourmet salad dressings, sugar free syrups, marinades, fruit syrups, confections, pancake mixes, and organic products. The company was formerly known as B&G Foods Holdings Corp. and changed its name to B&G Foods, Inc. in October 2004. B&G Foods, Inc. was founded in 1996 and is headquartered in Parsippany, New Jersey.
No comments:
Post a Comment