iBankCoin
Full-time stock trader. Follow me here and on 12631
Joined Apr 1, 2010
8,861 Blog Posts

A Memorable Restaurant Scene

https://www.youtube.com/watch?v=HhcmTOm5n-k

Many restaurant stocks, such as BLMN FRGI TXRH, have been sold hard of late. Beyond that, and perhaps of more significance, they look to be on the cusp of breaking down from multi-year topping patterns.

With this in mind, Middleby makes many ovens catering to the restaurant space.

On the multi-year chart, you can see the very steep rally. I would consider this stock a short to prospectively get hit on pin action selling.

On the long side, a few ideas which have held up well: EQT GDP KFY RSPPĀ 

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MIDD

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4 comments

  1. UPB

    great scene, great movie – love the vid

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  2. bood

    nice find , again

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  3. ctb007

    Chess

    I think HP might be one of those too. Its monthly chart is incredibly steep. Many thanks for the awesome work you do.

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