CRACKER BARREL OLD CTRY STORE

Trust the technicals and enjoy the ride!

I like this stock and these are my thoughts: The stock stopped today at a very strong support that lasted from 2015-03-31 to today. It was a resistance from the beginning to 2016-05-31 and then the resistance line became a support line. The stock bounced 3 times and bounced back higher and im expecting the same thing tomorow. There is a nice engulfing pattern so ...

CBRL

Waiting for this to fill the gap at around $156. Lets see ..

BIG PICTURE MONTHLY CHART ANALYSIS ON CRACKER BARREL (CBRL)

Let's see if it bounces

Might have reach support and bounce from 130.98. Waiting for a retest for a BUY. If breakdown 130.98 support will be more to a SELL.

Let's see if I'm right

CBRL broke down it's gap resistance today, and looks a interesting short from the current level. Moneyflow is negative & heading down. Our primary target is 147

Sell trade range breakout

CBRL looks good to 170, maybe by fathers day

whole sector has sold off nearly 10% then fully recovered in one day or just kept going higher, put in an order to buy at 120-125premarket if you like that for this name.

I have liked CrackerBarrel since October and made some good money on the run up. Today I added February 130/125 1x2 Put Spreads for a 20c credit to to possibly start a position. My thinking: It is at a 23.6% retracement, if it holds here and reverses then keep the credit. If retraces 38.2% then I am at max pay out and into the stop with a 120 basis., 50% ...

What a beautiful move. The volume is great and those last for candles are strong, but looks extended to me and I'd expect some consolidation in the coming weeks.