MM insights on CKF
Hi, Wondering if you have any insight as to why Collins Foods CKF has had a jump last week? Although it has dipped a little this morning. No news that I can see. – Richard L.
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Answer
Hi Richard,
I agree, we can also see no major news from CKF and I would assume a major fund manager has been accumulating the fast food operator. From the 10th of this month the average daily volume has almost doubled implying the buy button has been pressed in earnest and at this stage volume does still remain elevated. This looks bullish and if we held, we’d continue to using stops below $10.
