The fast food group is not exactly moving in unison these days, as the new normal is a stock picker’s sector. While it is true, Burger King has not yet performed as well as I expected this summer, there is no doubt that Wendy’s is distinguishing itself from the group with a multi-year breakout now bull-flagging on the daily chart, second below.
And McDonald’s remains a short idea, post earnings, if the bear flag highlighted below on the first chart resolves down.
Perhaps I should amend my long BKW/short MCD pair trade to long WEN/short MCD.
However, I have not completely given up on the King.
Also, members of 12631: We should have the server and chat room back up fixed shortly. Pardon the delay this morning.
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