“Red Hot” Stock Chart:

As the casual dining/restaurant group has been thrown into a state of flux, as they have literally been shut down, some names are showing some muscle. Dominos is holding its own, as it primarily is a take out play, and is displaying resilience as it attempts to climb back above the very round 350 number (interestingly its chart looks very similar to STMP). No one is calling for a V shaped recovery, but the chart below of WING, begs to differ. This is just an observation of a new best in breed name as it climbs toward the very round par number, and is well above both its 50 and 200 day SMAs. The stock has more than doubled since recording a bullish piercing line candle on 3/19, jumping more than 15% in more huge volume. I would be careful here as V shaped bases tend to be more failure prone, but as this market begins to potentially heal, this is one that should be the first sprinting out of the gate. There must be something good in that spicy wing sauce.

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