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SMG

SMG- it's spring time for SMG to make some green LONGSMG has good reason to trend up- the spring brings out consumers looking to get their lawn off to a good start and the rise in marijuana stocks on the run-up to April 20th and the recent legislative catalysts in Germany and Florida bring Scott's into focus as cultivators often use it in their soil-based and hydroponic grow operations. The indicators show price momentum and adequate volume to support a move higher. The predictive algorithm forecasts that move. I will take a long position here targeting 86, the pivot high of 11 months ago.
NYSE:SMGLong
by AwesomeAvani
SMG Gap UpScotts Miracle Grow is up +7% and trading above $70 after a gap up this morning - trade was initiated last week on the falling wedge breakout. Gaps tend to get filled so I've adapted to the price action and moved my stop-loss order up to just below today's candle at $68.45. No way to lose money on the trade now if price reverses, upside target remains near $80. Lower PPO and TDI indicators are still reading bullish and increasing in their bullish trends. Buy Price: $64.34 Stop-Loss: $68.45 Take-Profit: $80-ish Gain on trade if I get stopped out at $68.45: +6.3% Gain on trade if price reaches the take-profit level near $80: +24%
NYSE:SMGLong
by PrepForProfit
2
Scotts Miracle-Gro About to Grow Miraculously?Scotts Miracle-Gro (SMG) has only reached the cloud on a monthly chart three times in its 30+ year history on the exchange and every single time has proven to be an amazing and rare buying opportunity for long-term investors. If you're a long-term investor this could be a perfect time to cautiously dollar cost average (DCA) down. In the worst-case scenario, the price could go into the 70s or upper 60s. In the best-case scenario, the price rebounds from here and you would have missed a rare buy opportunity. Not financial advice.
NYSE:SMGLong
by SpyMasterTrades
3
Scott's - Looking to Buy a PullbackIn my opinion SMG is under the radar and an extremely strong buy for the longer term. The new stay-at-home economy and the rise of marijuana industry are big bullish tailwinds for SMG. And just look at that chart - up and to the right! Hoping the weakness in the short term continues so I can enter a position. Buy Targets: Average in at $115 (lighter) Establish larger core position near $100 Possibility of $80ish on a capitulation / double bottom: slam it! Sell Target $200 in 2-3 years
NYSE:SMGLong
by ZChartDoc
STOCKS IM BUYING THIS WEEKI think last week's pullback in equity markets was a good thing. The market got overheated and it gave us a reminder that stocks don't always rise. Memories and patience are short in the finance industry especially with some recent trends (blockchain) skewing people's perception that building wealth gets built overnight. Not the case, in the past 50 years of the SP500's history, it has NEVER had a stretch of over a year without a 5% correction or more. So relax, this is not doomsday, it is the ebbs and flows of Mr. Market playing his tricks. Here is the list of stocks I'm buying or adding a position too. - Icahn Enterprises (see earlier post) - Scott's Miracle Grow (post coming this week) - Bank of Nova Scotia - Bank of Montreal - Citigroup - Home Capital Group (post coming next week) - Canadian Imperial Bank of Commerce - Valeant Pharmaceuticals - Equifax BNS, BMO, CM are banks I own in a fund and will simply be buying more of the fund (FIE.TO), but BNS and BMO are the two banks I would buy, if you go back one year and look at the worst performing Canadian bank, it's a pretty safe bet that the next year will be better. As well: www.theglobeandmail.com I apply this same rationale to Citigroup , one of the less fortunate American banks from last year. EFX was a stock I bought down around $90 when it sold off following a security breach announcement. I think the firm, fundamentally, is strong and will continue to regain ground. VRX is also one of those contrarian stock picks, after some allegations a couple of years ago for fraud and insider trading, I think they've found their bottom. They've also started to pay off debt which is never a bad thing for a recovering company. I'm in the process of putting a valuation on HCG and SMG and will make a post in the coming week, this will be a buy and hold value-pick. I'm liking what I'm seeing so far.
NASDAQ:IEPLong
by StuartTabor
HMMJ: Marijuana dips dont scare me The marijuana sector is blowing off some smoke after the latest toke up party. The sector is news fueled and volatile but has many buyers on the sidelines so I expect dips to continue being bought. I am a buyer of support levels and a seller of major spikes when we're clearly over extended. Supports: 1) 13.83 2) 12.00-12.15 3) 11.13 Sell targets: Over-extended rallies where daily RSI is 70+ and we're showing weakness on 1-4 hour timeframes.
TSX:HMMJLong
by zbarrage