$TXRH is going UP!!!

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.

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Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
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You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.

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