Still Smelling Higher Prices in Panera

A trade setup in Panera Bread (PNRA) has already triggered a buy entry against a key support level. But, since the stock has not yet met the upside targets, we still have reason to consider another buy-side entry.

Panera (PNRA) -- Daily Source: Dynamic Trader View Chart » View in New Window »

The original trade setup was a simple symmetry (or "measured move") setup -- the stock had declined $16.09 to an April 24 low, quite similar to a prior pullback of $15.94, as illustrated on the daily chart. That prior move suggested a low around $169.73, and the actual low came in close by -- at $169.58 -- on April 24....225 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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