The CPB (Campbell’s Company) Swing Trade + Growth & Income Trade idea has hit the final price target, T2 (the intersecting downtrend line & 200-day moving averages), for a 23% or higher* profit, including the $0.39 dividend paid on August 3rd. As this was & remains the final price target, CPB will now be moved to the Completed Trades archives. Those holding out for additional gains might consider a stop somewhat below this uptrend line and/or T1. Previous & updated weekly (initial long entry from April 14th based off the weekly chart) & the daily charts below.
CPB-weekly-April-14th
CPB daily April 15th
CPB daily June 8th
CPB daily June 18th
CPB daily Aug 19th
* The total gains on this trade for those that booked profits and/or reversed short for the pullback off the initial tag of the first price target and/or recycled back in long on the pullback to the 20.78 support level, which was highlighted on June 18th (3rd chart above) would have been much higher, nearly double the ~23% profit from the initial entry highlighted back on April 14th, essentially at the very bottom of the nearly 24 year low in the stock.
Disregard the part of the notation in the June 8th daily chart above referencing the August 3rd dividend, which hadn’t been paid out yet.