This chemical company has a ‘1’, or strong buy rating by Wall Street analysts. The shares recently crossed over their 50-day moving average, a bullish indicator.
Hawkins, Inc. (HWKN)
From Positive Patterns
Hawkins, Inc. (HWKN) is the only stock of our less than $1 billion market cap group that is still buyable. I like the pattern and I especially like the fundamentals here.
I believe the economy is going to show big improvement. Chemical companies are very economically sensitive. Hawkins is a fine chemical company with strong free cash flow and on-the-ball management.
The stock needs to break $54 to show a good upside breakout but especially under $50, I believe this is a good trade for the next 3-5 years. We are already seeing more and more chemical stocks on the new highs list.
Bob Howard, Positive Patterns, P.O. Box 310, Turners, MO 65765, 417-887-4486, June 2, 2017