(Total Views: 697)
Posted On: 02/09/2017 2:44:49 PM
Post# of 85
Domino's Pizza, Inc. (NYSE
PZ) has just maxed out to the upside based on a trend line connecting recent highs. The stock price just hit this level again, and each time it has in the past it has fallen back sharply. This stock is ridiculously valued with a current P/E of 46. That is far higher than many tech growth stocks. I have three downside targets that will likely hit in the next 52 week period. With the current price of $185.43, the first downside target is $172.50, then $153.00 and finally $136.00. It is likely that if Domino's Pizza falters on any earnings report, even slightly, the institutional selling will begin in a major way. Once the exit starts, this stock won't have a pizza prayer.
Investors sell Domino's Pizza, Inc. on bearish stock chart
PZ) has just maxed out to the upside based on a trend line connecting recent highs. The stock price just hit this level again, and each time it has in the past it has fallen back sharply. This stock is ridiculously valued with a current P/E of 46. That is far higher than many tech growth stocks. I have three downside targets that will likely hit in the next 52 week period. With the current price of $185.43, the first downside target is $172.50, then $153.00 and finally $136.00. It is likely that if Domino's Pizza falters on any earnings report, even slightly, the institutional selling will begin in a major way. Once the exit starts, this stock won't have a pizza prayer. Investors sell Domino's Pizza, Inc. on bearish stock chart
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