BWLD
FRGI- Busted Uptrend Now In A Snapback Rally To? Resistance?3-30 Another name that's broken it uptrend to the downside.
Now? Its all about a snap back rally bear channel to form
when it comes to shorting this issue and not until. We've
got some Fibonacci retracement zones to help guide us and
some overhead supply in the $64 zone. Lets see what it
looks like when and IF we get there.
These are not recommendations,
Trade at YOUR own risk,
strictly for educational and
informational purposes only.
BWLD Buffalo Wild Wings above $169 bullishAs $BWLD maintains above $169 zone this is bullish for another leg up. I suspect distribution up here, but that does not mean another notch higher. It looks like investors have given BWLD a pass on the last quarter. Accumulation came back in just before the gap up. $200 looks good. Watch out after that with only 7% upside before more selling into strength by the street... in my opinion. So in conclusion... I would ride this to $200 then trim & trail if I had current position. Excess supply signals are piling up as you can see. in Sept - Oct 2014 Excess demand signals started calculating prior to the run after earnings then the short squeeze.
EAT Brinker short interest spikes at recent highs.$EAT Brinker Intl... relative to the casual dining segment is a leader in p/e, roe operating margins and sports a 1.89% div yield funded by massive debt. Debt/Equity = 189% vs BWLD 0.07. Operation margins are excellent vs the group but gross margins lag considerably. EAT currently trades at an astronomical 739.50 times book value vs BWLD 6.18 times. A little financial engineering? Borrow to pay dividends and buybacks... YES. I cannot justify a new position up here. Short interest has been rising since Sept 2014 but has dropped off somewhat since the beginning of the year. You can see the spikes as pro traders jump on any weakness. I would be more concerned about a plunge if EAT Brinker fails to engineer a quarter or two that beats the street's expectations. Always do you own due diligence.
