dkurzhal
Long

Another Zoes bottom in September?

NYSE:ZOES   ZOES KITCHEN INC
23 0 0
Zoes Kitchen             has temporarily bottomed in September and made a nice run through October in 2014 and 2015. After getting decimated from earnings a couple of weeks ago, I believe it is gearing up for a three-peat.

We're just under that nice 26 support area with 24 also in focus. The daily RSI is currently at an extreme (under 20), so I see limited downside from here (currently 25.55).

If we can convincingly break over 27 (minor support over the last 2 weeks that finally broke and will most likely become resistance) we should have a nice run to 30 (a nice psychological level that provided previous support/resistance ).

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