SMPL - Simply Good Foods: Now At Buyable Levels
2024-04-05 14:15:31 ET
Summary
- The Simply Good Foods Company is approaching a level of support in the $30-$32 range, making it a compelling entry point for traders.
- The company reported growth in fiscal Q2, with net sales rising by 5.3% and strong sales in both operating regions.
- Despite increasing operating expenses, the company improved profitability through higher margins and saw a significant increase in net income.
- We are always on the lookout for good setups, and The Simply Good Foods Company is one to consider.
One of the mantras we like to trade by is the concept that people need to eat. There are a number of different food-related investments out there, but as traders we like to find compelling entry points for more near or medium-term gains. We think we have that situation setting up for The Simply Good Foods Company ( SMPL )....
Simply Good Foods: Now At Buyable Levels