Tasty Reaction:
Earnings season is starting to wane as the summer wears on and of course, it is impossible to know what will happen when specific names report. Among the casual diners, one of the better-looking charts in the space is the one below of SG. The stock is up handsomely and obviously, this may not translate to the opening PRICE Friday morning or how it CLOSES on Friday but thus far as of 8pm EST it has been well received up more than 20%. Give it credit for holding near the prior double-bottom breakout from its prior earnings reaction on 5/10 that vaulted 34% (and the previous one jumped 24.8% on 3/1). Its WEEKLY chart for the last 4 weeks was retesting a bull flag breakout and the MONTHLY chart suggests this can have a run to the very round 50 number, a measured move of a break above 30 with the flag pole commencing at the 10 figure. Peer SHAK has been behaving well and recently posted its third straight positive earnings reaction with gains of 16.9, 1.6, and 26 on 8/1, 5/2, and 2/15 respectively. Its MONTHLY chart is sporting a cup with handle pattern with a breakout pivot of 111 to be bought.