6/26/2017 – J&J Snack Foods Corporation (JJSF)
A Trendy Stock Charts member request came through for J&J Snack Foods Corporation (JJSF). J&J Snack Foods Corporation is a marketing client of TSC member modusmg. Modusmg had this to say about the company when making his request:
They have several national brands including ICEE, SUPERPRETZEL and Luigi’s Italian Ice. They’ve got many products in the grocers freezer. They sell SUPERPRETZEL in virtually every stadium in the country and movie theaters, etc. Every year they buy more brands to add to their portfolio.
Well, I know I've personally tried the 3 brands that modusmg listed above. Who doesn't love a SUPERPRETZEL? Especially when you throw a nice thick slice of cheese on top of it and melt it on top for the last minute in the oven....I just bought a box yesterday for a movie night at my house tonight with my wife, my mom who is in from out of town and my aunt. We are going to watch the new Beauty and the Beast by the Walt Disney Company (DIS).
When I examine the brands under the JJSF corporate umbrella closer, I notice that I've tried more than 3. The Kim & Scott pretzels are awesome just like the SUPERPRETZELS, but in a slightly different way; they have cheese in the middle of the pretzel already therefore no additional cheese is necessary for the top of it. (FYI the cooking directions on the Kim & Scott's pretzels are way off, the temperature is too low and the time is too short. This comes from multiple boxes of "experience").
Let's see if I can love the charts of J&J Snack Foods Corporation (JJSF) as much as I love their products.
J&J Snack Foods Corporation (JJSF)
I normally like to start with a 20 year monthly candlestick chart for new companies. However, I am going to first look at the P&F Chart for J&J Snack Foods Corporation (JJSF) and see what sort of price objectives that analysis calculates.
I've provided both sets of P&F Charts, one based on closing share prices only and a second based on highs and lows during intra-day trading. See if you can guess why I've provided both sets with this analysis....
Ok, so did you notice the difference between the…...
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I look at overhead resistance areas for JJSF's share price, downside support areas and the probability of each happening based on other technical analysis methods.
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