Looks like a reversal pattern at resistance. Will buy puts at the end of the day if the pattern holds for another one of those quick one or two day flips. Indicators are neutral though.
CBRL does not trade with the market, goes wherever it feels like...
Good support level matches up w/ the 1.13 extension that it bounced from. RSI bullish divergence on the lower low. As usual we're looking for a 0.5 retrace here from the shark so target around 164. If it falls through support, there is a larger gartley there but the PRZ is so huge I wouldn't take a trade until it develops a bit.
Cracker Barrel Old Country Store, Inc. (CBRL) shares are trading at $144.45, down -4%. In today's earnings, comparable retail sales rose 1.3%, however, restaurant revenue grew by a meager 0.9%, which sent the stock down. What should investors know about Cracker Barrell Old Country Store? What's CBRL stock price forecast?
Cracker Barrel Old Country Store stock...
CBRL reported and missed today. I love this gap below support and think this could run.. This is a potential bill paying trade for people. I'm getting in at the open if it opens below this enter line.
The Broadening Top pattern forms when the price progressively makes higher highs (1, 3) and lower lows (2, 4) following two widening trend lines. The price is expected to move up or down past the pattern depending on which line is broken first. A bit of a toss up since the broadening top formation appears much more frequently at tops than at bottoms, and therefore...
CBRL is bouncing off its green trendline and I am expecting it to go back up to as high as within the red resistance lines. It is coming off a decent earning and has a good dividend yield.
Looking to break 148.43. Target 139.13, Stop signal 152.33
* Trade Criteria *
Date First Found- August 23, 2017
Pattern/Why- Key support breakdown short
Entry Target Criteria- Break of $148.43
Exit Target Criteria- $139.13
Stop Loss Criteria- $152.33
Please check back for Trade updates. (Note: Trade update is little delayed here.)
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...
Cracker Barrel Old Country Store, Inc. is engaged in the operation and development of the Cracker Barrel Old Country Store concept (Cracker Barrel). The Company's segments include Restaurant and Retail. As of September 19, 2016, the Company operated 640 Cracker Barrel stores in 43 states. The format of its stores consists of a rustic old country-store design offering a restaurant menu that features home-style country food and a range of decorative and functional items, such as rocking chairs, holiday and seasonal gifts and toys, apparel, cookware and foods. Its restaurants offer home-style country cooking featuring of its own recipes. Its restaurants serve breakfast, lunch and dinner. Its breakfast items include juices, eggs, pancakes, grits, and a range of biscuit specialties. Its lunch and dinner items include country ham, chicken and dumplings, chicken fried chicken, meatloaf, fresh side items and specialty items, such as pinto beans and turnip greens.
This website uses cookies to ensure you get the best experience on our website. To learn more about cookies, including how to control cookies, please read our Cookies Policy.
CBRL
