Beyond Meat Is Likely to Fall Back Into the Frying Pan

Beyond Meat Is Likely to Fall Back Into the Frying Pan

In an environment where traders are selling first and asking questions later it would not surprise me that macro trends will swamp individual company stories. In this daily bar chart of BYND, below, we can see that prices rallied earlier this year but then turned sideways from around the middle of January. Trading volume declined which is not unusual when prices are stalled and the On-Balance-Volume line has been moving sideways suggesting a balance (for now) of buyers and sellers.