Subscription Meal Company: Classic Bull Setup Headed To This Target

 | Feb 13, 2019 03:13PM ET

Shares of Blue Apron (NYSE:APRN) have emerged from a nasty downtrend. After its IPO in 2017, Blue Apron went straight down, bottoming out at $0.65 from above $10. The stock has now advanced back to $1.60 and a bullish daily chart pattern is signaling a move to $2.00, the daily 200 moving average. Look for this move to come within weeks.