timwest
Long

JACK - Jack-In-The-Box - Daily -Ready to breakout!

NASDAQ:JACK   JACK IN THE BOX INC
705 12 10
JACK is the owner of the fast growing Q-Doba restaurant chain and has been building a nice zone of consolidation and accumulation before its next advance to new highs.

The relative strength to the overall market has been impressive lately and relative strength has broken out of a 6-week range. My proprietary indicator I call "RgMov" shows how easy the market moves in one direction and it is pressing up against its all time highs here today. RgMov usually leads price breakouts.

The last earnings report has capped the advances in JACK shares since May and it looks like this is the fifth attempt on that KEY EARNINGS LEVEL and likely that it will push through it shortly.

The risk looks low to me here with a stop at 86.54 and upside to 99.92 from 89.72 last, which gives us a better than 3:1 upside/downside risk ratio.

As a side note, notice how well the red "sellers" zone catches all the "highest lows" of each rally phase and notice how the rising green "BUYERS" zone catches all of the "lowest highs" of each decline lately.

Give the stock market downdraft lately and the way this stock has held up, I think it's just a matter of a short amount of time until we find out why people have been buying this stock . Perhaps we have rising estimates coming down the road or sellers have lightened up to their proper weighting. Either way, the shift of buying is taking over here.

Tim 3:17PM Friday, July 10, 2015 89.72 last JACK
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Looks like intense accumulation!
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keshavreddi
a year ago
Thank Tim, can we buy here, then what should be target and SL for the trades
Reply
timwest PRO keshavreddi
a year ago
I put the stop loss on the chart. You can trail a stop too behind the price by $5 if you'd like. There are a million ways to exit a trade. There is no one right way. Sometimes it depends how you are doing on the year. If you are UP, you might tend to swing for bigger profits. If you are down, you might scale out of the trade quickly. It does just depend.
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jangseohee
a year ago
that will be double TOP
snapshot

ultimate target 104-105
snapshot

last ride for BUll?
Reply
timwest PRO
a year ago
CMG has been strong lately too, so JACK can follow CMG up. Longer term, I see JACK outperforming CMG just because of raw valuation differentials. (CMG is expensive and JACK is cheap)
Reply
jangseohee timwest
a year ago
how is JACK related to CMG, running restaurant also?
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timwest PRO jangseohee
a year ago
JACK owns QDOBA mexican fast food restaurants and CMG is Chipotle Mexican Grill. They are very similar layouts.
+1 Reply
jangseohee timwest
a year ago
so i see ^_^
+1 Reply
timwest PRO
a year ago
JACK is "out of the box" :-)
Reply
jangseohee timwest
a year ago
earning is going to be good :-)
Reply
Great way to start!
Reply
Great!
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