| Videos | Channels | Search |
Looking for some fizz from Sodastream's flat performance
Sodastream, the home drinks carbonation system, is a company whose shares have been somewhat flat for months. But trader, Serge Berger, believes recent media coverage is guaranteed to impact the company’s stock price as interest in the company grows.
The stock's performance in the market has been lackluster over the last year. From a technical perspective though, there are signs the stock could rebound in the near future. It reached two important lows over the last two weeks and is now in a position to rally above its 50 day moving average.
When the stock moves past the 50 day moving average, Serge is looking to buy at USD 42.25. His target for the trade is USD 46.00, while his stop is placed at USD 40.50.
Recently, Israeli Prime Minister Benjamin Netanyahu criticized the company’s spokesperson, Scarlett Johansson, for not doing more to condemn the growing pro-Palestinian campaigns to isolate Israel. SodaStream is an Israeli owned company, operating in the West Bank.
Disclaimer
Saxo Bank Group provides an execution-only service. All information provided on Tradingfloor.com is solely for general information. Tradingfloor.com does not contain (and should not be construed as containing) financial, investment, tax or trading advice or advice of any sort offered, recommended or endorsed by Saxo Bank Group and should not be construed as a record of our trading prices, or as an offer, incentive or solicitation for the subscription, sale or purchase in any financial instrument. Saxo Bank Group will not be liable for any losses that you may sustain as a result of any investment decision made in reliance on information which is available as part of the Tradingfloor.com or as a result of the use of the Tradingfloor.com.
Please read our notification on
Non-independent investment research disclaimer
01:22 minutes
Tags: 50 day moving average, benjamin netanyahu sodastream, controversial stocks, equities, equities saxo, equity, equity market, equity markets, equity strategy, equity trading, israel, prime minister benjamin netanyahu, saxo, saxo bank, saxo bank saxo tv, saxo tv, saxo tv saxo bank, saxo tv', saxotv, scarlett johansson, serge, serge berger, soda, soda manufacturers, soda stream, sodastream, sodastream scarlett johansson, stock trading, stocks, trade idea, trade ideas, traders tale, traders tale saxo tv, traders tale serge berger, tradingfloor.com, tradingfloor.com insights