Papa Johns (PZZA) has been trading in a range for 5 months between $60-$65. On the back of its earnings report (5/5/15) the stock is now exiting the top end of the base, this is now a fresh breakout. PAPA Johns reported first quarter earnings of $.55 cents compared to $.45 cents in 2014 an increase of 22.2%. First quarter revenues were $432.3 million, a 7.7% increase from the first quarter of 2014. They also increased their earnings per share guidance for 2015.
From a technical perspective the measure move of the base is $5, this gives us an initial target of $70, a move below $65 will put this breakout on hold and move down to $63.26 negates the breakout.
Thursday, May 7, 2015
The Sauce Is Ready
"Frank began his career on Wall Street nearly two decades ago. He worked alongside some of the most respected traders on the street. He quickly realized his true talents were in his ability to interpret market technicals as well as behavior. He was a full-service broker until 2011 when he decided that his no-nonsense approach and expertise was better suited as an independent rather than under the reins of the brokerage business. Since his transition, Frank founded Zor Capital LLC and had successfully managed the portfolios of high net worth individuals. Outside of the cliche cookie cutter approach. His achievements and advice have been featured by CNBC, FOX Business, Yahoo Finance, Benzinga, Wall Street Journal, and CNN Money. Frank is widely regarded as an influential trader in the industry."