|Day Low/High||1,876.40 / 1,905.86|
|52 Wk Low/High||415.00 / 1,508.72|
Bitcoin, the most famous of all crypto-currencies, has enjoyed something of a rebound of late.
Here are a bunch reasons to sell -- even if I don't believe in most of them.
A basket of 38 restaurant stocks I track, large and small, are up about 14% year to date.
The U.S. economy is as good as Olive Garden's Chicken Alfredo.
Buying big drops on Fridays simply hasn't translated well to happy Mondays.
With shares breaking above the recent, albeit small, pennant, there might be reason for optimism.
In the daily bar chart of CMG we can see that prices broke out on the upside of a long sideways consolidation pattern.
We have to own that it was a bad day for the bulls and that it's perfectly realistic to expect a few more until the facts get more positive.
Does it not make sense to create a separate portfolio made up of equities that will benefit -- as sick as that sounds -- when an area needs to rebuild?
CMG reported fantastic numbers on Wednesday night, with a colossal 6.1% comparable-sales figure coupled with healthy margins.
The market can still go higher, but the time has come for the slope of price discovery to normalize a bit.
Buckle up after Super Sunday.
One interesting facet is the 19.74% ownership stake by Biglari Holdings.
Shares of Dine Brands have surged this year after a rough 2017, while Biglari has slid since creating two classes of stock.
Chipotle Mexican Grill is one of the few stocks that has been working this earnings season.
It becomes difficult for me to tell you where to run in these markets...
Only buy these names if you like the fundamentals, don't count on these activist managers to make you money.
Chipotle Mexican Grill, Noodles & Co. and Dine Brands Global are among the names we're serving up.
Let's review the charts and indicators.
Forget about ranges, they have broken out and are free to run.
The selling accelerated once the opening low was breached and breadth hit about 3 to 1 negative.
Analysts and shareholders both put negative news behind them and accentuated the positive for a host of formerly hated stocks.
Micron Technology, Intel and Lam Research are good buys on this heat in semiconductors.