Posted On: 04/21/2015 11:52:35 PM
Post# of 46536
FRGI EPS +254.5% QoQ. Nice forward EPS hikes and nice uptrend in revenue. The Restaurant industry is consolidating in a Symmetrical Triangle pattern after a huge run up.
The Fiesta Restaurant Group stock chart shows that it’s in a Bullish Wedge pattern. The stock has dropped -12.8% over the last month.
What I really like is the divergence between the EPS forecast and the price of the stock. The weak market has pulled FRGI down while the EPS forecast has been rising. That diverge will probably not last for long imo.
Nice oversold, candle over candle bounce, coming off an oversold RSI:
Source: Fiesta Restaurant Group Stock Divergence With EPS
The Fiesta Restaurant Group stock chart shows that it’s in a Bullish Wedge pattern. The stock has dropped -12.8% over the last month.
What I really like is the divergence between the EPS forecast and the price of the stock. The weak market has pulled FRGI down while the EPS forecast has been rising. That diverge will probably not last for long imo.
Nice oversold, candle over candle bounce, coming off an oversold RSI:
Source: Fiesta Restaurant Group Stock Divergence With EPS
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