Texas Roadhouse (NASDAQ: NASDAQ:TXRH ), a renowned name in the casual dining segment, has once again showcased its resilience and growth potential despite facing headwinds in the economic landscape. With a steadfast focus on operational excellence, strategic expansion, and prudent financial management, NASDAQ:TXRH has not only weathered the storm but also...
Texas Roadhouse look at that climb back up. This one is green on the day, week, month, and quarter for growth. The RSI is low at 32.6.
The volume is coming in and we have some room for growth.
A great company that way under value.
Price has just barely broken the bottom trendline and a Doji candle is noted.
Price is above the .236 of the trend up since the Covid low.
No recommendation.
EPS (FWD)
4.11
PE (FWD)
24.54
Div Rate (FWD)
$1.84
Yield (FWD)
1.82%
Short Interest
***7.22%
Market Cap
$6.75B
Price is still above the .382 of the trend up.
I used the Political Flu low of 25.15 as a guide.
ATH is 110.75. ATH 4.09.
I have owned this in the past and this is a good company.
I am not sure it lives up here though.
The Butterfly has a retracement leg that pulls up in the bearish version to the .786. This one is a bit shy of the .786.
The final leg usually...
Short (Entry Price) below the black line and exit (Stop Loss) above the red line. Can take profit at the suggested Target Price.
Entry Price: $78.26
Target Price: $76.15
Stop Loss: $80.37
$TXRH operates and franchises restaurants under Texas Roadhouse
breaking out of its second HTF, & VWAP from ATH on its wkly. RS bullish divergence from dec to feb is reflected on daily.
one could position this on wkly as a hedge if you are overloaded with O&G & commodities name
TXRH breakout from the downtrend channel. Will take an entry on pullback to $90 level. Earnings in 10 days. So if I enter here I will be out before earnings release.
Texas Roadhouse has been in a descending channel since April and recently put in a double bottom, which what appears to be a sellers climax and we should get a breakout here to the upside. Recently some price target upgrades - go figure
I'm long MAR 95 calls .
Note, a rejection at trend line resistance bulls would want to see support on the 88 VP shelf. I...
Posted this idea earlier, calls now up +45% .
If you didn't take a trade, I think this has plenty room to go especially with a close above the 200MA (let's see how they close it).
If there is an expected retest of breakout, I will add to my position.
Stop loss just above break even.
Open interest of the MAR 22 95c is still 9,655 - the whale is still in this...
Caught some UOA flow for $TXRH - MAR 22 95C
Current open interest is 9,487
I always study the charts when I see a big call / put buyer especially for a name that's not as common.
Looks like a volume uptick from recent ER, at good volume shelf support zone and recaptured weekly 21 EMA .... bullish falling wedge pattern. Want to see this breakout or perhaps...
Favoring the orange path here..
A test of the 50% and consolation above would make me comfortable going long for upper linear target at symmetrical peak.
NASDAQ:TXRH
Possible Scenario: LONG
Evidence: Price Action
TP1: 104$
TP2: 107$
Call options, Strike 105$, 07/19/21
*This is my idea and could be wrong 100%
We can clearly see an overall uptrend for $TXRH.
However, it is consolidating sideways these days and deciding where is the next move.
Target: $105
I'll prefer to wait patiently and see its next move and deciding if I want to place the trade.
For self-education use only. Not financial advice.
Hey guys, TEXAS ROADHOUSE is a in a fake bearish movement, large volume of sales executed rejection of sellers. It seeks to take profits pull the price down, to rise again. TEXAS ROADHOUSE directs towards its last precedent lower, in this situation it can breakout from above its comfort zone to join another and fall on the first precedent higher which corresponds...
