Chipotle Adds Handle; Other Restaurant Stocks Strong

By | November 25, 2014

Scalper1 News

Restaurant stocks have rebounded from their midyear slouch. On June 30, the group was No. 100 among 197 industry groups that IBD tracks. As of Tuesday’s IBD, it was No. 7. Many restaurant firms in the stock market today are either in buy zones or sketching lower entry points in the form of handles. A handle involves a final, modest decline in a base. It needs to run at least five sessions, and ideally it should have soft volume. When a stock Scalper1 News

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