| Domino’s Pizza Parabolic Rise |
| Written by Christoper Lynn |
| Friday, 15 January 2010 09:56 |
|
Domino' S Pizza operates a network of 571 Company-owned stores located in the United States and 8,053 franchise stores located in 50 states and in more than 55 countries, making it one of the most recognized American food brands abroad. Domino’s stock didn’t do anything in during the majority of 2009, as it traded sideways for the better part of the year. However, in December we got the stock waking up from a very tight consolidation range that brought the attention of momentum traders that considered the breakout a very good technical setup. Domino’s stock went from the $8 level last December 21st to yesterday’s intraday high of $11.57 almost 45% gain in just three weeks. The big and rapid rise in the stock evidence how a tight consolidation and volatility expansion measured by the stock’s Bollinger Bands can just quickly move the stock as momentum traders take it to its new range. |
FlowStock Seeker provides recommendations based on algorithm considering key technical indicators
| Related Articles Similar |
||
|
|
Get Support / Resistance / Stop Loss
Get It - It's Free
Trading Ideas
New York, Jan 15th (TradersHuddle.com) – Shares of Domino’s Pizza (NYSE:DPZ) were trading fractionally lower in pre-market trading today, which might signal to investors that big move in its stock price is ready to take a rest and enter a consolidation period.