I4
Long

Dave and Busters formed a cup and handle.

I4  
BATS:PLAY   DAVE & BUSTERS ENTMT INC
85 3 1
A breakout to new highs/ break of the highest closing price will offer a great entry. It will confirm a cup and handle breakout which can cause a significant move to my estimate of 40. And I'm the first person to post a chart on this stock:).
Serhii_Ovsiienko
2 years ago
Interesting stock. I like now sekktor "Restaurants". Low gasoline prices freeing capacity in consumer spending. However, I believe that it is necessary to monitor the risk.
30% to liquidate a position below $ 30.
Likvidirvoat position is 100% lower than $ 28.
The company's high debt load. Failure in business or rising interest rates a strong impact on the company PLAY.
Therefore, you may receive the selling pressure from EXTREM high trading volume, which was formed in early February.
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I4 Serhii_Ovsiienko
2 years ago
Yeah the high debt is a bit scary, but this is a short term trade relying on a chart pattern breakout. I plan to not own any shares when earnings are released. Another aspect is the bullishness of the restaurant sector right now, and I think a profitable well known company like PLAY shouldn't have a problem tagging along. I did however raise my stop loss to 29.93 as 6% is a bit too much. I usually limit my risk to 3-4%. As for now, the trade is working as planned as it made new highs today on above average volume.
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I4
2 years ago
Sold today with a minuscule profit. The stock did not react as planned with the cup and handle breakout. There's also relatively small volume on the up days and big volume on the down days in this basing formation. Overall, this basing formation looks weak in my opinion.
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