The casual dining sector has been a recurring theme on my blog as 2013 has developed. And I continue to see intriguing charts consolidate or break higher in the space.
I want to caution that the following two ideas are rather thinly-traded. So, use caution if placing market orders. However, if you are looking for under-the-radar action, you can clearly see how impressive the price action has been with both of these casual dining plays. On the one hand, they are thin. But on the other hand, in a corrective market a stock like DAVE has shown it can trade in its own world, oblivious to broad market weakness. So that might be a silver lining.
KONA is a name I have charted for you before, and it continues to act very well with a nice move on Wednesday after a prior pullback.
Other names of interest currently basing along: IRG RUTH TXRH, among others.
To my eye, the sector remains as strong as any this spring and early-summer.
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