This Previous Winner Packs An Analyst Provided $6 Price Target, Read Now

ANFI Packs Bullish Short-term Technicals and A $6.00 Analyst Provided Price Target

March 15th

Good Afternoon,

I hope everybody had a solid session today, if not, don’t beat yourself up, because I’ve found a play for Monday morning that I think could go bonkers.

Amira Nature Foods Ltd. (ANFI) could be your next breakout alert as it displays tremendous upside potential and has already been a big winner for us previously.

On top of that, it packs an analyst provided $6.00 price target that is has slowly been climbing towards from undervalued levels since late 2018.

Back on December 27th, I originally brought ANFI to your attention before the market opened as they released a big time press release that saw its share prices climb from my estimated alert of $.57 to $1.00+ in a quick two week turnaround.

Overall, ANFI climbed an approximate 80% in that 2 week stretch and for the most part has held its ground while trickling all the way to a high of $1.22 for a clean double towards the end of February.

As of writing, it has made a slight draw back to the $1.13 level, but looks primed for a potential breakout this coming week for several factors.

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1. Technical Indicators: Right now, I’m seeing several technicals on Barchart that lead me to believe this pick could be on verge of continuing this run multi-month run up the charts.

ANFI currently has a bullishly triggered:

– 7 Day Average Directional Indicator

– 10-8 Day Moving Average

– 20 Day Moving Average vs. Price

– 20-50 Day MACD Oscillator

Furthermore, a quick glance at ANFI‘s chart adds credence to a potential breakout for even more factors:

– ANFI is trading above its 13-Day Exponential Moving Average (potential line of strong support)

– ANFI is trading above its 50-Day Simple Moving Average (potential line of strong support)

– ANFI‘s 5-Day EMA is trading above its 13-Day EMA

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2. ANFI’s $6.00 Price Target: At this moment, ANFI would move 400%+ to hit that target.

Last year, an analyst with Jefferies, Akshay Jagdale, provided ANFIwith a “Buy” rating and a $6.00 price target.

On TipRanks, Jagdale is a 3+ Star analyst with a 50% Success Rate.

We’ve already seen it make a clean double from the first time I brought this company to your attention. Jagdale thinks this is just the beginning.

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3. Recent News: This week, ANFI announced a $25M EUR financing deal to strengthen international expansion.

Amira Nature Foods Ltd Completes Debt Financing of EUR25mn to Support International Expansion

DUBAI, United Arab Emirates–(BUSINESS WIRE)–Amira Nature Foods Ltd (the “Company”) (NYSE: ANFI), a global provider of packaged specialty rice, today announced a financing in the amount of EUR 25M. The debt contains a fixed interest rate of 8.5% and is due December 17, 2023. The debt was raised by Amira’s European subsidiary. The proceeds from the financing are expected to strengthen Amira’s international business.

Karan A. Chanana, Amira’s Chairman and Chief Executive Officer, commented, “We are excited to announce this financing and believe it will strongly support Amira’s international business.”

The offering of the notes has not been registered under the Securities Act of 1933, as amended (the “Securities Act”), and the notes may not be offered or sold in the United States absent registration under the Securities Act or an applicable exemption from registration requirements.

This press release does not constitute an offer to sell, or a solicitation of an offer to purchase, any security and shall not constitute an offer, solicitation or sale of any security in any jurisdiction in which such offer or solicitation would be unlawful.

Read the full article here.

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More about Amira Nature Foods Ltd.

AMIRA (“ANFI” – New York Stock Exchange (NYSE)) is a major international producer of Packaged Food, Indian Specialty Basmati Rice with over 200 SKUs, with sales across five continents around the world.

AMIRA generates the majority of its revenue through the sale of Basmati rice, a long-grain rice grown only in certain regions of the Indian sub-continent, selling its products, primarily in emerging markets, through a distribution network.

Founded in 1915, AMIRA transitioned over the last decade from a family-managed company to a professionally run international food company, under the leadership of the fourth generation.

Their headquarters are in Dubai, United Arab Emirates and they also have offices in India, Malaysia, Singapore, the United Kingdom, and the United States of America.

Product Range

AMIRA offers an extensive portfolio of brands that have been carefully developed to appeal to local markets around the world. Customer tastes and expectations have been finely segmented to deliver authentic flavors that go well with a variety of popular cuisines. Consumer palettes across the market segments have been well researched and adapted to suit the requirements of various trade channels. AMIRA has expanded its product line into snacks, Ready-to-eat and organic food products.

AMIRA branded basmati rice comes from the foot hills of the Himalayas, an area dedicated to the cultivation and production of basmati rice. The rice is aged for up to a year before being processed, then prepared at a state-of-the-art treatment plant that preserves all its purity in perfect hygiene.

AMIRA has expanded its portfolio to include brands of oils, dairy products, snacks, and ready-to-eat meals.

History With Farmers

Our company has worked for decades with farmers in parts of India where basmati rice is grown. We work to educate them in the best techniques of agriculture, and we share with them our technology for mapping and weather analysis. The result is that we have a regular and a large supply of the highest quality product.

History With Distributors

Historically, in India, most retailing is done through small groceries supplied through third-party distributors who handle a number of brands. We work with these distributors in India to make our product available across the country. In recent years, Western-style retailing has taken a share of the market in India and we are on the shelves there as well – our products are sold at Bharti Wal-Mart, Big Bazaar, Metro Cash & Carry, Spar, Spencer’s Retail, Star Bazaar (Tesco in India) and Total.

We work with third-party distributors across five continents around the world, who sell our products under white labeled brands. We also sell bulk commodities to large international and regional trading firms. We sell our products, primarily in emerging markets, through a broad distribution network.

History With Retailers

Our flagship brand AMIRA was launched in 2008, and now sells in more than 40 countries. Our brand building is based on consumer insight and we work with retailers, such as large supermarkets typically in a mall or on a commercial street and usually part of a chain of stores. We sell in both emerging and developed markets to global retailers such as Carrefour, Costco, Jetro Restaurant Depot, Lulu’s, Morrisons and Smart & Final through the food service channel.

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You’ve got the details, now it’s your turn to do the research. Between bullish technicals, a $6.00 price target, and a big, recent company press release, ANFI could continue to march north in a major way come Monday morning.

I’ll be in touch over the weekend. Talk soon.

Sincerely,

Kai Parker

Stock Wire News

Disclaimer: I am not a lic.ensed finan.cial adviser. All potential percentage gains are based on from the low to the high of day. Stock Wire News full disclaimer is to be read and fully understood before using Stock Wire News website, or joining Stock Wire News's email or text list. By viewing Stock Wire News website and/or reading Stock Wire News email or text newsletter you are agreeing to Stock Wire News full disclaimer which can be read at www.stockwirenews.com/disclaimer Make sure to always do your own research and due diligence on any day and swing profile I bring to your attention. I am not a licensed financial adviser. All potential percentage gains are based on from the low to the high of day. Pursuant to an agreement between StockWireNews LLC and World Wide Holdings LLC (a non affiliated 3rd party), StockWireNews LLC has been hired for a period beginning on 3/15/19 and ending on 3/18/19 to publicly disseminate information about (ANFI) via Website, Email and SMS. We were paid Fifteen Thousand USD via bank wire. We own zero shares of (ANFI). We have previously profiled (ANFI), but were not compensated.