Ready to EAT
Several names in the restaurant space are testing long-term moving averages, and it is unclear which direction they will head over the intermediate term. Two have made moves -- Chipotle Mexican Grill (CMG) is down 27% from its high last week, and Panera Bread (PNRA) is up 8.5% this week -- but one stock is at a clear inflection point and could have a tradable pullback.
Brinker International (EAT), which operates Chilis and Maggiano's Little Italy branded restaurants, is up more than 65% from its October 2011 low, but it is once again testing the uptrend line that defined that move and its 50-day moving average....248 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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