Full-service restaurant operator Bob Evans is one of those staples of the heartland in the midwest, namely Ohio and Indiana. For you fundamentals guys, the stock is trading at a very reasonable PE, with solid earnings and a positive current ratio. For me, though, that is not enough to keep the stock on watch.
Instead, looking at the technicals, we now see the daily chart moving averages lined up properly (20 day m.a., then 50 day, then 100, etc) and are all rising with price above them, consolidating into a narrowing channel. I am looking for a push through $41 to get the breakout going.
Seeing as BOBE is one of those under the radar stocks, I have also included a few other ideas that not many traders are watching. Some of these issues trade rather thinly, so be careful if placing market orders.
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Their breakfast is a staple around here, especially for the older folk.
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