Diners Delight:

The casual dining space was turned upside over the last one-year period. CMG was a laggard, and just Monday jumped back above its 200 day SMA, after spending a month below it. It is not out of the penalty box yet, as one should like to see several CLOSES above it to see that the move is not a bull trap. EAT trades in bear market mode, off more than 20% from its peak made in mid-March. PZZA and DPZ are looking appetizing again, with the former seeming to put the very round par number in the rearview mirror which was the scene of an upside gap fill from the 2/24 session. WING is in the midst of a symmetrical triangle. Below is the chart of YUMC and it has advanced 21% YTD, compared to YUM higher by 8%. YUMC is on a current 5-week winning streak, and just 1% off its all-time high, while YUM trades 4% off its 52-week highs. YUM is feeling a bit heavy with bearish volume trends, while YUMC is just the opposite. Play accordingly.

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