Down to Fiesta…that is.
With the likes of select casual and fast food plays, such as DPZ JACK, making new highs today, keep an eye on Fiesta Restaurant group as a long setup if it can clear $52 again to the upside.
I have mentioned this one several times before, as it seems to be distinguishing itself among many of its peers in terms of finding buyers in each market pullback. They have a solid brand of casual restaurants (Taco Cabana, e.g.) and may very well be a buyout target, to boot.
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