Over $7 million…
That’s what 1 man has bet on 1 stock.
It seemed foolish when I first looked at the trade, but when I dug deeper I saw a chance for that man to make MILLIONS, and a chance for YOU to follow along…
This stock isn’t there yet, but it could quickly be approaching a point that would send it sky high.
Biglari Holdings Inc. (BH) has entered a process I LOVE to see when I’m talking about stocks.
And the most exciting part is that the end result of this process, should everything continue along the current path, is ‘takeoff’. By this I mean a skyrocketing price of the stock!
Right now, however, BH isn’t even sitting on the Launchpad yet. I’d say it’s more like BH is being wheeled out to the Launchpad in early preparations of the launch.
And here is some of the evidence for why:
Last week, the CEO and chairman of BH bought over $7 million worth of shares in his company’s stock.
And beyond that, the price chart of BH shows a steady rise in price over the past few months.
But BH hasn’t quite made it to the Launchpad yet…
That’s because it has only just reached up above its long-term and short-term moving averages, meaning it has only just started pushing out above its average price over the last 150 and 50 days respectively.
With that fact, the short-term moving average is still below the long-term moving average, if only just.
Should that change, I would consider BH to be sitting on the Launchpad.
At that point, I would only need to see a few more things to call BH a ‘hard buy’.
As BH gets closer to taking off, I’ll be keeping a closer eye on it and act accordingly, especially if it gives me the ‘buy’ alert soon!
If you would like to know when the perfect time to buy this stock is, check out our Stock Code Breaker course, which shows you exactly what to look for.
