Trade Idea: TXRH (Texas Roadhouse) - Position Trading Setup

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๐Ÿ“ˆ Direction: Long (Swing to Position Trade)
๐ŸŽฏ Entry Zone: $190.00 - $191.07 (Ideal entry near $191.07)
โ›” Stop Loss: $181.57 (-5% risk)
๐ŸŽฏ Take Profit: $211.00 (+10.4% upside)
๐Ÿ“Š Risk/Reward Ratio: 1:2+
๐Ÿ” Why TXRH?
๐Ÿ“Š Technical Analysis
โœ… Trend: Strong weekly uptrend (higher highs & higher lows)
โœ… Moving Averages: Price above SMA 50 ($182.50) & SMA 200 ($175.00) โ†’ Bullish structure
โœ… MACD Weekly: Positive momentum, no signs of reversal
โœ… RSI (Daily): 58 (neutral, room to run before overbought)
โœ… Key Levels:

Support: $187.50 (recent swing low)

Breakout Level: $190.00 (confirmation of continuation)

Target: $211.00 (next major resistance)

๐Ÿ“‰ Fundamental Backing
โœ” Revenue Growth: Strong sales & earnings growth (fundamentals support bullish bias)
โœ” Debt-Free: Zero debt (financial flexibility)
โœ” Valuation: P/E 28.97 (slightly high but justified by growth)

๐ŸŽฏ Trade Execution Plan
๐Ÿ”น Entry: Wait for confirmation above $190.00 (break & retest ideal)
๐Ÿ”น Stop Loss: Tighten to $185.00 if price moves favorably
๐Ÿ”น Take Profit:

TP1: $200.00 (partial profit)

TP2: $211.00 (full exit)

โš ๏ธ Risk Considerations
Market-wide pullback could trigger stop loss

High P/E makes it sensitive to sector rotations

Monitor earnings dates for volatility

๐Ÿ“Œ Final Thought: TXRH is a high-quality stock with strong fundamentals and technicals. A break above $190 opens path to $211 with solid R/R.

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