Hold The Guac Please:
The casual diner space has seen some names forge to the forefront. A name like RRGB comes to mind and since sprinting above the very round 10 number on 3/1 rising by 27% it has not stopped. In March of 2021, the stock traded just above the round 40 figure. WING has been a winner as well but Tuesday slumped 6% as it was cutting into the bearish filled-in black candlestick from 2/22. Others leaders have just faded away, and those include some former healthy pizza plays in DPZ and PZZA. They are now 23 and 30% respectively from their most recent 52-week highs, and the latter has declined 5 of the last 6 weeks including the weeks ending 2/24, 3/10, and 3/24 falling 9.8, 8.4, and 4.6% with each of them CLOSING at lows for the WEEKLY range. Below is the chart of CMG, a former MCD spin-off, and it looks as if it is ready for at the very least a pause after a 275-point run in the last month. The burritos feel a bit waterlogged, perhaps with too much guacamole.