For the Past 20 Years, This Stock has Rallied In May

Watch Closely as This Downward Channel May be Getting Ready To Break to the Upside

Brown-Forman Corporation is in the wine and spirits business. Since 2000, this stock has rallied from it’s May lows (we’re just about there) and provided investors a nice short term trade with a healthy ROI going into June.

Only 3 of those years have traders seen a break even in June if they held onto the stock just a bit too long.

Consider taking up a position in BF/A, but be sure to keep stops tight. There are encouraging, early signs of accumulation by institutions at this time.