iJavidTrader

DPZ trending well

Long
NYSE:DPZ   Domino's Pizza Inc
DPZ was originally mentioned and discussed on October 14th after the gap up on Earnings. Since then price provided a continuation pattern and moved up another $4.

Resistance is likely to be around $90 and if price moves beyond that then the $100 resistance is likely to be a good obstacle.

As a trend trader, I follow the trend which at present is clearly up but will wait for the next resistance to be cleared first.

Next Earnings is unconfirmed but is likely to be somewhere near February 24th 2015.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.