$EAT Brinker International, Inc. - Possible downtrend breakout closing above the 9d today.
Bullish Unusual Options Activity
$1M bet placed on $75 July OTM calls today (7x OI)
Near term target: $76-$78 range by early May
Note: This is NOT investment advice. Educational only.
$CNNE is close to buy point of $40.27. I would watch for volume above the average before you get in.
12 months Consensus Price Target: $43
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September's retail sales increased less than expected, partly due to the 1.8 percent decline in restaurant spending. This was the worst decline since 2016. Partly blamed on Hurricane Florence, that static is likely to be tuned out and the trend of mean reverting to continue after Q2-18's record $3.5B in sales - the strongest in almost 30 years.
BLMN is expected...
Weed stock operating in the United States. Listed on the CSE, which is where it gets most of it trading volume. Reason I'm not entering now is because there were some heavy sell offs recently, and also because of the state of marijuana stocks in the United States. Most of the funding comes from Canadian investors though. It should get some laggard carryover...
I typed this already, but apparently my idea didn't publish, so this time it will be brief and joke-less.
Basically the daily RSI looks like a double bottom, but still in a downtrend (dotted line), so maybe if it goes sub-30 again we could see a strong push past resistance levels, which I see around 180-190. If there's sufficient volume, maybe a trend reversal is...
Spotted Butterfly pattern on the uptrend, price will rally to and test the 38.2% retracement level before finding minor resistance and moving to the 50%. This level has proven to be an area of resistance in the past. Close or keep partial positions open for a potential break in the supply zone.
Last idea on AUDJPY went well, and I believe that more shorting opportunities are going to continue to exist. Playing off the 61.8% region, which also has a strong resistance area is my next choice of entry. However, entering a short right now as well may also provide a good opportunity.
As $BWLD maintains above $169 zone this is bullish for another leg up. I suspect distribution up here, but that does not mean another notch higher. It looks like investors have given BWLD a pass on the last quarter. Accumulation came back in just before the gap up. $200 looks good. Watch out after that with only 7% upside before more selling into strength by...
$EAT Brinker Intl... relative to the casual dining segment is a leader in p/e, roe operating margins and sports a 1.89% div yield funded by massive debt. Debt/Equity = 189% vs BWLD 0.07. Operation margins are excellent vs the group but gross margins lag considerably. EAT currently trades at an astronomical 739.50 times book value vs BWLD 6.18 times. A little...