NASDAQ:PNRA PANERA BREAD CO
Just like baking bread, it takes time for the dough to form and rise. Trying to rush a trade is just like trying to rush the time it takes for yeast to rise. I think PNRA is shaping up to be a great trading opportunity, one that I will be watching to enter next week. For now I believe price is moving up and continues to hold above 173 nicely. I would like a small retracement back to 173.85 in order to be able to enter and watch PNRA go higher. I will be using options as my trading tool.