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Peter Kotoff

$STKL - SUNOPTA INC is in a bullish trend

Let's take a look at Sunopta Inc - Canadian supplier of organic and specialty foods.

Its 50 ema crossed 9 ema and about to cross 20 ema. It has been in a bullish trend for 4 days already.

First resistance will be at 3.40 and at 5.50-5.70 levels where it meets its 200 ema.

ATR of 26 cents makes this low priced company a good candidate for a 10-15% move in the near future. 

Stop would be at $5 as the main support level.

Earnings are scheduled to be released on Aug 10, 2016

Sector: Non-Cyclical Consumer Goods & Services 

Industry: Food Processing - NEC

Disclosure: I/we have no positions in any stocks mentioned.

I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.