troyroy
Long

CHEF is a buy on pullback

NASDAQ:CHEF   CHEFS WAREHOUSE INC
Full disclosure I am holding long from the 27-28 level, bought on earnings winner pullback. I thought about throwing it up here may a time but life has gotten in the way. Lets get to it!

The bottom ( volume ) has broken out over the 2x std line twice in the last week (The orange triangles point out he deviation breaks) while powering to a new high and confirming the breakout. I would like to get my last 1/4 of a position in, so I am waiting for a pullback towards the support line round 29- 29.50 before I pull the trigger.

Target is 33.00
Stop loss under 28.00



What does chef do? I don't know! This is purely a chart + earnings winner play.
I am planning on selling into the runup BEFORE the next earnings to keep earnings surprise risk down.


Disclaimer: This is for educational purposes only.
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