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Freshpet Inc. (FRPT) was a notable winner Wednesday, jumped 2.97 percent on strong volume to 15.60. This is bullish from a technical perspective. In fact, a closer look at the daily chart of FRPT suggests that the stock could climb above 18 in the coming days. Just so that you know, initially profiled in our March 23, 2017 “Swing Trader BulletinFRPT had gained about 43% and remained well position. Below is an update look at a trade in FRPT.

The graphic below is from our “U.S. Market Trading Map”, show the near-term technical bias and trading ranges. As shown, the underlying is in a short-term bullish trend when the price bars are painted in green. The underlying is in a short-term bearish trend when the price bars are painted in red. The yellow bars identify period of neutral or sideways trading pattern. Additionally, the light-blue shading represents the short-term trading range. A move above or below that range is considered overbought (as represents by the red shading) or oversold (as represents by the dark-green shading). Readings above or below the red and green shaded areas are considered extremely overbought or extremely oversold.

Freshpet_20170614

Chart 1.1 – Freshpet Inc. (daily)

Our “U.S. Market Trading Map” rates FRPT as a Buy. The overall technical outlook remains Bullish. Last changed April 25, 2017 from neutral. Over the past few days, FRPT has been trending lower in a short-term corrective mode as it worked off the overbought conditions. The correction found support near the late May breakout point. Wednesday’s massive reversal bar signified…Click here to read more.

You see, our trend-following system is very unique as it attempts to pick turns before others see them. Timing is everything and if you’ve applied our system correctly, you should have made a killing in any markets.

 

This is just an example of many successful trades that our member had enjoyed recently. After all, aren’t you glad you subscribed?

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