Thursday’s Cup With Handle-Updated- EAT Breaks Out

[[EAT]] made a delicious looking break out today, after being selected last Thursday by the Cup-with-Handle screen. The original post follows the chart below which shows the breakout.

[[TCBI]] is not making the screen anymore, but it still looks ripe for a breakout.

Brinker International, Inc. [[EAT]]

The target price for this one is conservative. In backtesting, we would sell this position after a close over $18.33

I suspect that if this breaks out, $19.00-$20.00 would be a better target. Note the volume in January. This one might still have legs.

By the way, Texas Capital Bancshares, Inc. [[TCBI]] is still a valid C-w-H.

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