JACK is the owner of the fast growing Q-Doba restaurant chain and has been building a nice zone of consolidation and accumulation before its next advance to new highs. The relative strength to the overall market has been impressive lately and relative strength has broken out of a 6-week range. My proprietary indicator I call "RgMov" shows how easy the market...
$JACK is slowly bottoming. Money has stopped flowing out, but we need money to flow back into the stock before we buy. This week i expect the stock to pop or drop. Be ready either way. If stock pops and holds on the weekly, look to add or start a position.
JACK has not hit the 200 SMA since 11/2012. I like the slow retracement into the 200 SMA. IF JACK trades down there and or bounces off of it, great buying location.
$JACK looks to be stabilizing. Lets see how the week closes out
$JACK is holding a key level of support and seems to have bottomed out. Looking for a breakout on volume in the next 2 weeks. Quality stock in consolidation mode.
$JACK has money flowing out of it faster than you can say shake shack. Everyone is enamored with $SHAK and its products. While tastier than $JACK, their valuation is much too high. $JACK has the potential to pop once everyone realized $SHAK is just a facade. In the meantime, keep waiting for it to break the channel on volume.
Lower double top on a short term down trend. Short sell with a trigger @ $85.00 Cover at the $80.25 support
The high ADX indicates that this negative trend that has emerged since March is strong and thus trading in the direction of the trend would be advisable. The RSI is not oversold and the stock has backed bounce aggressively off its lower bollinger band back above the 20 day simple moving average. The MACD has already crossed up above the signal line indicating that...
11-6 Does everyone know what a rising bearish wedge looks like while its building? You are looking at one in the process of being built. For informational and educational purposes only. These are not recommendations, trade at your own risk.
Greediness in shorting appears again Stock price of JACK is currently traveling in accelerated channel within a normal channel. First psychological resistance is 70.0 Intended to short all the way up as quarterly chart shows bearishness 1. Short 70.5 2. Short 72.0 3. Short 73.5 4. Short 75 P.S. very Aggresive short with no stop loss which can kill my account.