Lamb Weston Holdings, Inc. (LW) on Focus After Forming Bullish Wedge Up

July 27, 2018 - By Matthew Richard

The stock of Lamb Weston Holdings, Inc. (LW) formed an up wedge with $76.35 target or 9.00 % above today’s $70.05 share price. The 7 months wedge indicates low risk for the $10.24B company. If the $76.35 price target is reached, the company will be worth $921.87M more.
Rising wedges, especially for downward breakouts are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 8% and 24%. The average rise is 28% and the decline is 14%. Wedges has high throwback and pullback rate: 73%, 63% and the percent of wedges meeting target is not more than 50%.

The stock decreased 0.51% or $0.36 during the last trading session, reaching $70.05. About 1.63M shares traded or 77.87% up from the average. Lamb Weston Holdings, Inc. (NYSE:LW) has risen 43.39% since July 27, 2017 and is uptrending. It has outperformed by 30.82% the S&P500.

More recent Lamb Weston Holdings, Inc. (NYSE:LW) news were published by: Nasdaq.com which released: “The Key Questions Facing McDonald’s Stock” on July 12, 2018. Also Seekingalpha.com published the news titled: “Pricing lifts Lamb Weston” on July 25, 2018. Tri-Cityherald.com‘s news article titled: “Here’s why Lamb Weston’s news is good for the Mid-Columbia” with publication date: July 20, 2018 was also an interesting one.

Lamb Weston Holdings, Inc. produces and markets value-added frozen potato products worldwide. The company has market cap of $10.24 billion. It operates through four divisions: Global, Foodservice, Retail, and Other. It has a 26.33 P/E ratio. The firm offers frozen potatoes, sweet potatoes, and appetizers under the Lamb Weston brand name, as well as various customer labels.

Lamb Weston Holdings, Inc. (NYSE:LW) Ratings Chart

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