Lisa wanted my thoughts on Diageo which is making new all-time highs right now. It doesn’t get much more bullish than new all-time highs so I’d say long is definitely the way to play this stock. I don’t like the all the gaps in the chart though. You see that a lot in ADRs because they’re moving in their own markets before the U.S. markets open. That ‘gappiness’ (yes, I just made up that word) can make it tough to find low risk entries. I don’t see such an entry on DEO right now but if I was already long I’d certainly try to hang on. (Breakout traders might love DEO as a new long right here though.)
