Looking at the charts for the major steakhouse stocks, of the “steakhouse quartet” of BLMN (Outback) DFRG (Del Frisco’s) RUTH (Ruth Chris) TXRH (Texas Roadhouse), it appears that TXRH has distinguished itself from the group this summer and fall.
The entire group had been performing quite well into the spring months before the first three began to sell off.
Texas Roadhouse has earnings coming up this October 28th.
Headed into tomorrow, keep an eye on high/tight bull flags in ABT ALGN LGND as long ideas.
Feel free to leave me your trading ideas, long or short. for Thursday, below in my comments section.