I will be placing a trade on CHUY with a trigger at 29.37 and a stop at 26.91. For a more aggressive trade you can move your stop up to 27.95.
The reason I like this trade is because this stock seems to gap up on earnings and earning is a few weeks away. I have taken the average of the last three gap ups to estimate what May earning has to offer. If CHUY can gap...
CHUY moving strong with great earnings and gapped well. High today and this is an island reversal...this could cause a nice run, I bought Oct 35 calls and look for a decent move over the next few days....buying time but the options were 2.08 so BE is 37.08 at Oct x date....I have not eaten here yet but sounds like people like it as earnings go higher with revisions
I saw my first Chuy's in Gainesville and took a photo, did not go in as just ate, but looked like a nice store. The company is new on the exchange and could be ready to run out of this base…I would use the buy fast with 8% stop on stock rule.
Tex-Mex Restaurant company growing quickly into its $506 million market cap by opening new locations across the southern USA. There are not many shares in the float and many are controlled by a private equity investor, but I'd suggest putting this one on your watch list. It looks to me that $25 will never be touched again if this accumulation pattern holds. In...
