KozakHlib

$TXRH is going UP!!!

Long
NASDAQ:TXRH   Texas Roadhouse, Inc
NYSE Earnings strategy signal.

Casual dining restaurants operator Texas Roadhouse , Inc. has been increasing sales (from $1.25 bln in 2014 up to $2.21 bln in 2018) and EPS ( Earnings per share: from 1.58 in 2014 up to 2.46 in 2019) for 5 years.

Four analyst companies published $TXRH rating in 2020. Two of these ratings were upgraded.

The company opened some new stores in 2019 and has a strong upward trend.
It is strong enough to break the expected EPS of $0.52 per share and expected revenues of $713.75 million.
So our hypothesis is that $TXRH is ready for the next gap up after publishing earnings report today after market close.

Due to strategy, the buy long can be from the current price (65.5),
target profit — +$5 ($70.5),
stop-loss — -$5 ($60.5).

Risk/reward is 1:1, but correct strategy implementation implies more than 60% of profit trades. More about NYSE Earnings strategy: https://fondexx.com/study/earnings.

More information: https://fondexx.com/
Education: https://fondexx.com/study/courses.
How to get into our trading chat: https://fondexx.com/analytics/traderhub....

Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.

If you like my content, you can subscribe to the news and receive my fresh ideas.

Thanks for being with me!

More information: https://fondexx.pro/
Education: https://trading-school.pro/courses/pump-dump

!!! Join our trader's chat !!!

Here ==> https://t.me/fndxworld

We build a cozy community of professional traders
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.