Plant-based meat leader Beyond Meat (BYND) announced that it's making plant-based burgers more accessible this summer grilling season. The share price of BYND has rebounded sharply Wednesday, which may be due in part to short-covering rather than outright purchases. BYND shows a number of heavy volume spikes including one in early May suggesting some heavy liquidation (selling). The 12-day price momentum study shows higher lows from November for a bullish divergence when compared to the price movement. The charts of BYND need a lengthy period of sideways price action before I would recommend a purchase.

Source: Washington Post June 15, 2022 17:52 UTC