This trend may have already begun, as shares of SAM have moved by higher by 14.6% in just the past month. Plus, SAM has earned itself a Zacks Rank #2 (Buy), so there is plenty of reason to believe that the run for Boston Beer has plenty of life left.
More bullishness may especially be the case when investors consider what has been happening for SAM on the earnings estimate revision front lately. No estimates have gone lower in the past two months, compared to 2 higher, while the consensus estimate has also moved higher too.
So given this move in estimates, and the positive technical factors, investors may want to watch this breakout candidate closely for more gains in the near future.
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