If you follow me on twitter you know it’s no secret I’m keeping a close eye on BWLD. They are opening up new locations in cities all over the United States. It’s not only important to expand, but to keep customers coming back which they seem to be doing. The fundamental chart I’ve posted below points to some nice growth in this name. More importantly to me, the weekly chart here is building a beautiful consolidation after holding it’s earnings gap up.
It has been in this consolidation since 2/10/2012 giving us a lot of pent up energy if this were to break to the upside. If you consider the recent wild correction we’ve rode down in the market this name has held up very well. I’ve been in and out of BWLD a few times now looking for that breakout only to leave early to take some profits due to market conditions not feeling right. I’m looking at next week being a real test of this rally to see if we are indeed discounting all bad news and moving forward. If we can digest these recent gains I will be latching back onto this name for what could be a wild ride higher!
