Trade ideas
Massive Alpha To Be Found In This Chicken Spread!So this spread revolves around the simple, brutal strength that we are seeing in the economy right now. People are spending huge amounts of money on eating out right now, and given the ISM and UMCSI numbers I don't see that slowing down any time soon. Here, we pit a strong, cyclical restaurant chain specializing in chicken against a weak, defensive, consumer staples that is losing market share and in the worst spot from a macro perspective. This one's an easy winner. I was in this morning with a 3-1 R:R 40% target. Don't forget to hedge out those betas!
Cheers,
Andrew
Wingstop to BreakoutWingstop has been on an uptrend, but has been fighting against resistance. If markets keep pushing higher in the short term, we should see a breakout in this stock.
Share your opinion, comments and questions. Good Luck!
I will keep updating this post.
WING, How did I not see this?It was in my freaking watchlist, for how long, I don't know. It's in a very strong uptrend, looks nice but don't end up chasing the stock to much
WING - Reversal from Upward channel line, short at $37.08WING was in our watch list for short, but it never broke down. However with earning it went up & interestingly it hit its upward channel resistance line. We think it will decline form here, and considered a short position from the upper channel line.
* Trade Criteria *
Date First Found- November 6, 2017
Pattern/Why- Reversal from Upward channel line.
Entry Target Criteria- entry at $37.08 (Entry November 6, 2017)
Exit Target Criteria- 1st Target $33.23 & 2nd Target $28.73
Stop Loss Criteria- $39.17
Please check back for Trade updates. (Note: Trade update is little delayed here.)
increasing guidanceFor the full year 2017, we are increasing our guidance and now anticipate adjusted earnings per share in the $4.85 to $5.15 range.
-- Ware
WING- Breakdown short from $31.87 to $28.87zWING seems broken down from an upward channel & consolidating within a triangle formation. If it breaks down the triangle formation or the support around $32, it can decline down to $28 or lower.
* Trade Criteria *
Date First Found- October 25, 2017
Pattern/Why- Upward channel, Triangle breakdown short.
Entry Target Criteria- Break of $31.87
Exit Target Criteria- $28.87
Stop Loss Criteria- $33.53
Please check back for Trade updates. (Note: Trade update is little delayed here.)
People would start a revolution over delayed wingstop chicken.Okay i want a good entry above 33.65
and a nice close about that price then anticipate to reach first target at 35.49
my risk is in 32.04
$WING-Short TermThe lines are at those positions because of the recurrence of trend. Of course the stock has the potential to go higher then my recommendation of stop limit price. This stock has good value for both going long or short, this graph shows the short side of it. NASDAQ:WING
