National Beverage Corp. stock trades under the ticker FIZZ & has recently shown technical strength, making it worth examining closer for a short-term trade opportunity.
FIZZ stock closed at $88.67 on Friday 1/15/2020, while making a bullish MACD crossover & breaking above their 50 day moving-average bullishly.
FIZZ Stock Price: $88.67
10 Day Moving-Average:$83.31
50 Day Moving-Average: $85.82
200 Day Moving-Average: $67.37
RSI: 58
FIZZ’s 10 Day Moving-Average is 3% away from a bullish crossover of their 50 Day Moving-Average, which seems unavoidable given their price-per-share is 3%+ higher than the 50 Day MA.
FIZZ stock has options that traders can capitalize on, with the $90 2/19 expiration calls looking particularly appealing, as they’re ~1% away from being at-the-money.
If one were thinking of selling puts for the same expiration, the $75 strike price may be best, as should there be a normal 10% correction the $80 strikes would be at-the-money, while the $75’s would still need further decline in price.
Even factoring in their beta of 1.37, that still looks like the safer level for selling.
Overall, National Beverage Corp.’s stock looks to still have room to move to the upside, and should be on any short-term trader’s radar.
*** I DO NOT OWN SHARES OF FIZZ STOCK ***