Hovering Near High After Recent Volume-driven Gains - Friday, November 15, 2024
Gain With Light Volume for New High Close - Friday, October 18, 2024
Wedging to New Highs With Quiet Volume Behind Gains - Thursday, September 26, 2024
Meeting Stubborn Resistance at 50-Day Moving Average - Tuesday, August 27, 2024
Encountered Distributional Pressure When Poised to Break Out - Friday, July 26, 2024
There are 5 more featured stock write-ups on since to 9/20/2024
Meeting Stubborn Resistance at 50-Day Moving Average - Tuesday, August 27, 2024
Texas Roadhouse (TXRH +$1.22 or +0.73% to $169.01) posted a gain today with below-average volume and closed just below its 50-day moving average (DMA) line ($169.39) which is now downward sloping and has acted as resistance. Gains above the 50 DMA line are needed for its outlook to improve. A subsequent breakout to new highs backed byt at least +40% above average is needed to signal a technical buy signal.
TXRH has a 97 Earnings Per Share Rating, well above the 80+ minimum guideline for buy candidates. It reported Jun '24 quarterly earnings +47% on +15% sales revenues versus the year-ago period. Sequential quarterly comparisons show impressive earnings growth rate acceleration. Annual earnings growth has been strong since a downturn in FY '20.
The number of top-rated funds owning its shares rose from 682 in Sep '23 to 749 in Jun '24, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.2 is an unbiased indication its shares have been under accumulation over the past 50 days.
Encountered Distributional Pressure When Poised to Break Out - Friday, July 26, 2024
Texas Roadhouse (TXRH +$3.36 or +2.02% to $169.38) was highlighted in yellow with pivot point cited based on its 6/28/24 high plus 10 cents in the earlier mid-day report. It gapped up rebounding from below its 50-day moving average (DMA) line and rose within close striking distance of its all-time high, however it finished near the session low, action indicative of distributional pressure. Subsequent gains and a close above the pivot point backed by at least +40% above average volume may trigger a proper technical buy signal.
TXRH has a 96 Earnings Per Share Rating, well above the 80+ minimum guideline for buy candidates. It reported Jun '24 quarterly earnings +47% on +15% sales revenues versus the year-ago period. Sequential quarterly comparisons show impressive earnings growth rate acceleration. Annual earnings growth has been strong since a downturn in FY '20.
The number of top-rated funds owning its shares rose from 682 in Sep '23 to 733 in Jun '24, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.2 is an unbiased indication its shares have been under accumulation over the past 50 days.
