Bought Loblaws (L.TO)
Back into Loblaws.
| Long Entry | L.TO | (L.TO) | ||||
| Entry Price | 20-May-08 | Industry: Food Wholesale | ||||
| Price | $67.72 | Loblaw Companies Limited (Loblaw) is a Canada-based food distributor and provider of general merchandise products, drugstore, and financial products and services. Through its various operating banners, including 628 corporate stores and 408 franchised stores, Loblaw provides a one-stop destination in meeting food and everyday household needs. The Company-owned store banners include Atlantic Superstore, Dominion (in Newfoundland and Labrador), Ext | ||||
| Initial Stop | $66.10 | |||||
| Risk $ per Share | $1.63 | |||||
| Risk % Cost | 2.4% | |||||
| Risk % Capital | 2.3% | |||||
| Price Target | $72.00 | |||||
| Expected % | 6.3% | |||||
| Risk x Reward | 2.6 | |||||
The following is the daily view. Note that we still have a green signal and the stock is holding well above $32. There’s a risk it might pullback with market consolidation but I’m expecting a move to at least $38-40 from here which is the next psychological resistance beyond the 200dma.
Weekly View
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