Stay Crafty When You Are Thirsty
Dragonfly Capital | Jun 18, 2013 01:04AM ET
Seems that the whole country is giving up on the big watery tasting beers in favor of craft beers. How do I know? Look at the charts. The craft beer stocks like Boston Beer, $SAM, and Craft Brewers Alliance, $BREW, have been moving higher. The chart for $BREW below shows the price nearing resistance at 8.00 after breaking higher from a Diamond continuation pattern.
The target out of the Diamond takes it to about 8.40. It has support from a bullish and rising Relative Strength Index (RSI) and a Moving Average Convergence Divergence indicator (MACD) that is turning up. The SAM Chart of Original post
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