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US Markets - The Long & Short Of It - Pair trade idea - CMG Follow Up
Cerundolo Investment Research
US Markets Update
Volume 2, Issue 27
November 28, 2018
Items of Interest:
Following up on our November 23 note of long CMG and pair trade of long CMG and Short SBUX, we would be adding to the trade.
As mentioned in our note, the driver for the idea is the positive turn in CMG at the ellipse indicator and its improving money flow.
For long only managers, we would add to CMG with the initial target range of $520 - $530, and for long/short managers, we would add to the pair trade as well.