Wings, Pizza and Beer -- Game On!

 | Jan 06, 2012 | 2:00 PM EST
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This commentary originally appeared Jan. 6 at 12 noon on Real Money Pro – the ultimate traders' resource for actionable trade ideas and in-depth market analysis. Click here to learn more.

This week in New York, winter finally arrived. Temperatures slipped into the teens, and winter coats were pulled from the back of the closet. This can mean only one thing: It's time for some serious football action.

Tomorrow, the annual ritual of the NFL playoffs begins anew. Friends will don their jerseys and gather to root for their favorite teams while consuming traditional snacks and beverages. One of the places they will congregate is at a restaurant chain called Buffalo Wild Wings (BWLD). Today, I'm not interested in the menu as much as I am in the company's stock.

BWLD -- Daily
Source: TradeStation

This stock has been in a bullish uptrend for three years, and reached its all-time closing high last week, on Dec. 27. BWLD pulled back over the past week, but the chart still looks healthy, as we can see by the ascending triangle pattern and the smooth continuity of the stock's 200-day moving average (red), which has also acted as support on numerous occasions. A deeper pullback to the 200-day moving average would constitute a safe buying opportunity, but smaller positions can be initiated at current levels. I want to be on board if BWLD can close above $70, which is the current major resistance level and creates the upper barrier of the ascending triangle. Think of $70 as the first-down marker for BWLD.

Another perennial favorite of sports fans is pizza. Pizza ovens all over the country will be piping hot this Wild Card weekend, and the pizzeria phones will be ringing off the hook. One beneficiary of this football-induced pizza madness will be Papa John's International (PZZA).

PZZA -- Daily
Source: TradeStation

Like BWLD, PZZA is trading just below its all-time highs. After a tremendous run from mid-September to early December, this stock has been drifting sideways, digesting its gains. Yesterday, the stock moved higher on double its average volume as it crept closer to the goal line -- the all-time intraday high of $38.92.

Pizza and wings are tasty, but they sure are hot. Without a doubt, many sports fans will be washing those treats down with a tasty beverage. I'm sure many fans, whether they realize it or not, will be slaking the thirst generated by those snacks with a drink provided by the Anheuser Busch InBev (BUD) brewing company. In addition to American favorite Budweiser, BUD brews Stella Artois, Beck's and Hoegaarden; in fact, BUD is responsible for more than 200 beers around the world.

BUD -- Daily
Source: TradeStation

BUD has been in a bullish upward channel since October and hit a six-month high on Tuesday. On the chart, we can see the bullish golden cross from mid-December (shaded gold). Since then, shares have come down on a minor, low-volume pullback that could create an excellent entry opportunity. The lower channel line is tracking the stock's 50-day moving average (blue).

Which teams will advance to the next round? Who will win the Super Bowl? It's too early to say, but no matter who wins this weekend, these three stocks look like champs.

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we like this chart here, it appears ready to move higher. BOUGHT BZUN OCT 35 CALL AT 3.40
Large-cap, high-quality McKesson (MCK) is too cheap now, at $147.51 or so. The stock hit $243.60 more than 2.5...



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