The last time we looked at Beyond Meat (BYND) was on January 26th of this year when wrote that "Interesting how a new business deal can turn a chart so quickly. The key question now is how to buy BYND and what to risk. I would feel more comfortable if we could buy BYND around $180 expecting that some but not all of today's gap might get filled. If we can buy BYND around $180 I would risk to $150. $400 is our longer-term price target now."
BYND pulled back from that strong rally on the news of a new partnership with PepsiCo (PEP) , so buyers got filled at $180 but prices have continued lower to our recommended stop loss. Let's take another crack at it.