Dominos is up 4% pre-market as the company posted profit and revenue figures that topped analysts estimates. Strong growth worldwide continues with an additional 173 restaurants opened in the quarter while 27 new restaurants opened int he USA. We like the name and will look for a long entry.
This name is getting some heat from Papa but again Papa is not ready for major league yet. This is dominant name for a reason and will remain king.
One of the TOP plays for me:
DPZ May 17th -- 280 calls
Look for another possible breakout towards the upside from $DPZ today. It has been forming an excellent long-term base and has plenty of good news to boost its price. Expansion in Europe and upcoming earnings . This is a great buy on the dips.
DPZ market cap. 11.3B vs MCD market cap. 130.6B
DPZ has potential to grow compared to fast food giant MCD
Long term idea without predefined stop loss and target profit.
Disclaimer: I do not provide investment advice and I am not a qualified licensed investment advisor.
$DPZ Dominos beginning to look oversold - nearing ~$271 support level.
Assuming the trend line holds this week, I'm expecting a bounce in the near term. Targeting $310-$315 area by mid-October earnings release.
Note: Informational analysis, not investment advice.
I was alerted to a sell signal to close out the trade on 08/02/2018 at a price of $277.08 for Dominos Pizza INC.(DPZ).
My personal trade:
Buy Price - $257.32
Sell Price - $277.99
% Profit - 7.6%
My WT Cross Strategy has alerted me to a buy signal for Dominos Pizza INC.(DPZ), at a price of $264.53 using a 120-min time frame. My idea is to buy the dip, at price below $264.53. I will update when I get the signal to close the trade.
I am using the following parameters for this trade:
Channel Length - 1000
Average Length - 1
Average Length - 14
$DPZ Dominos Pizza broke down through a 9 month long bullish uptrend support line last week on strong volume. I'm expecting further downside through the end of summer into fall. At it's recent apex in late June just below $300, it was precariously over-extended 30% above the 200d ema on the daily chart with an over-bought RSI of 85. Expect a fairly slow descent...