$45 has been major support for years.
If it breaks this stock will drop fast in the coming months.
There could be a possible short term rise to the 200 DMA line.
I CALL FOR A BIG SHORT ON THIS ONE! LOTO 2020 PUTS. I will work with the house money on this.
BTW THE PLACE IS VERY EXPENSIVE! THEY SHOULD GO OUT OF BUSINESS. THE BOTTOM IS EVEN LOWER!
Idea is based on monthly resistance area, weekly and daily pennant odds and also on 60 min triangle possibility what we can on the chart. It will be important to compare CAKE with market action after Monday open to see how strong/weak it is.
Price Action should go to $51-$53 per share by EOY, or yellow area on chart. Couple of insiders bought 25,300 shares on 11/6 & 11/8. Rumor of a possible private equity buyout similar to Panera, watch options market very closely.
Attention dividend hunters! The Cheesecake Factory Incorporated (NASDAQ:CAKE) will be distributing its dividend of $0.29 per share in...
Per The Motley Fool.com, this is another stock CAKE, which should continue upwards during Trump's presidency. Why, because they are expanding, lower taxes, people will have extra cash to spend. Last 8 years, one share was $4.96 to a all time high of now, which is $60.48. Continue to watch and see, what happens in big picture with CAKE.
CAKE could continue higher but again all is based on the markets in general..if they continue higher then this stock has the room to move with expansion of their restaurants etc...the stop is at the bottom of gap.
The Cheesecake Factory Incorporated is engaged in the restaurant and bakery business. As of March 2, 2017, the Company operated 208 Company-owned restaurants: 194 under The Cheesecake Factory mark, 13 under the Grand Lux Cafe mark and one under the Rock Sugar Pan Asian Kitchen mark. The Company's segments include The Cheesecake Factory restaurants, and other. It also operates bakery production facilities, which produce desserts for its restaurants, international licensees and third-party bakery customers. Its restaurants offer lunch and dinner, as well as Sunday brunch. Its restaurants also offer a bar. As of January 3, 2017, its menu consisted of over 200 items in addition to items presented on supplemental menus, such as its SkinnyLicious menu, which offers approximately 50 items. Its Grand Lux Cafe is a casual dining concept that offers artisan cuisine. It offers appetizers, seafood and steaks.
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CAKE
