Smuckers LONG breakout potential

As SJM broke its minor downward trendline and came back down to a retest, a long position is entered with a tight stop.

Factors leading to the decision:

• The small recent downtrend has been broken
  
• The downtrend was broken after a few bounces off of major support that's been important for months
  
• The 20ma was broken, pulling in moving-average traders off the side-lines
  
• A recent low offers a perfect spot to put a logical technical stop
  
• Price just now broke through recent highs, showing more strength
  

As always, respect a tight-stop. If it rips up, let it run and trail stops behind.

Dagangan ditutup: hentian tercapai