After printing a wide assortment of spinning tops and doji candles over the last several days, Domino’s Pizza Inc. (DPZ) finally had a decisive candle as it closed at its highs on Tuesday while pushing its way through a near term downtrend and its 20 day moving average. It has shown great strength relative to the rest of the market, and looks ready retest and possibly make new highs soon. Keep an eye on it to see if it can build on Tuesday’s momentum into the rest of the week.
If you have any questions or comments, feel free to contact me on twitter @stockdarts or in our great chat room if you are a stockguy22 member. If you aren’t a member, what are you waiting for?
Sign Up for Stockguy22.com Trading Room