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Fiesta Restaurant Group Stock Wedge Coming Off Oversold RSI

NASDAQ:FRGI   FIESTA RESTAURANT GROUP INC
Fiesta Restaurant Group             stock has formed a Bullish Wedge as it's coming out of oversold on the RSI .

A divergence is ongoing between the price of the stock and the EPS             forecast. I don't think the divergence will last very long as rising EPS             forecast usually translates into a higher stock price fairly quickly. About 60 days ago, the EPS             forecast was $0.37. As of April             21, 2015, that has been raised to $0.38.

The annual EPS             growth rate for the last 5 years is a sizzling fajita 35.1%. But growth has REALLY picked up recently. Quarter over quarter, EPS             has increased by an incredible 254.5%.

Fiesta Restaurant Group             plans to add 24 to 26 Pollo Tropical restaurants this year.

Source: https://www.guerillastocktrading.com/stocks/fiesta-restaurant-group-stock-divergence-with-eps/
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