Domino's Pizza (DPZ) hit an all time high today $561.92, for no apparent reason I can find. The average daily volume for this stock is only around 400k, so this was a very curious move today. Anyways, it looks like a fake breakout because piRSI was showing overbought in the morning, then piRSI printed a bearish cross at 1:30pm today and the price action followed it down soon afterwards. However, net volume on Fibonacci VIP, which is a faster indicator, dropped at 1:15pm and popped at 3:15pm. The setup here looks better for a short position, but for now I'm posting this as neutral until I see wassup tomorrow / this week.
EPS = $3.24 P/E = 41.5 52 week H = $561.92 52 week L = $319.71
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I dont see how this company will keep its valuation at 18Billion dollars. That is twice of the pre-pandemic levels. Dominos seems like it will be pushed back to 300 range.
Options360
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@newtraderon, I hear ya, thanks for your perspective.
Dominos seems like it will be pushed back to 300 range.