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Why Beyond Meat Stock Rose Today

TheMotleyFool

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Beyond Meat's (NASDAQ: BYND) stock climbed 4% on Wednesday, following bullish analyst commentary.

MKM Partners chief market technician JC O'Hara sees Beyond Meat's share price surging more than 26% to $240. "This is one of the better-looking charts out there," O'Hara said on CNBC on Tuesday. "What I really like about this setup is the fact that price is currently breaking higher from a multi-month base pattern as we speak, and as it does it's establishing a new uptrend."

Traders like the price action in Beyond Meat's stock. Image source: Getty Images.

Source Fool.com

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