CAG has officially entered the Buy Zone I outlined in May ($21.12–$16.51), with today’s move pushing shares to the high $20 range.
This marks the first time in over five years the stock has traded at these levels -- historically an area where buyers have stepped in. With the zone now in play, I’ve started initiating exposure via short puts and common stock.
Still respecting the broader trend, but I’m viewing this as a potential long-term inflection point. If price stabilizes and confirms, I’ll look to build size methodically.
This marks the first time in over five years the stock has traded at these levels -- historically an area where buyers have stepped in. With the zone now in play, I’ve started initiating exposure via short puts and common stock.
Still respecting the broader trend, but I’m viewing this as a potential long-term inflection point. If price stabilizes and confirms, I’ll look to build size methodically.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.