Support the Wall Street Examiner! Choose your level of support to receive a free proprietary report as my thanks. Click the button below to see your options. Become a Patron!

Is the Dominos About to Fall (DPZ)

This is a syndicated repost courtesy of Slope of Hope. To view original, click here. Reposted with permission.

I’ll mention one of my shorts – Domino’s Pizza. Back when I was in college, Domino’s is what you ate when there was absolutely no other choice whatsoever. Even college kids it was the worst pizza in the world. I’m not sure what happened, but DPZ, the stock, went on to create gains of thousands and thousands of percent. The stock was a complete monster. Recently, however, the monster has started to falter.

Liquidity moves markets!

Follow the money. Find the profits! 

My entry was at 258.66 and I’ve updated my stop to 255.15. It seems a pretty easy path to at least that supporting horizontal located at 215.

Time for a bite of breakfast and the Daily Post. See you soon.

Wall Street Examiner Disclosure:Lee Adler, The Wall Street Examiner reposts third party content with the permission of the publisher. I curate posts here on the basis of whether they represent an interesting and logical point of view, that may or may not agree with my own views. Some of the content includes the original publisher's promotional messages. I may receive promotional consideration on a contingent basis, when paid subscriptions result. The opinions expressed in these reposts are not those of the Wall Street Examiner or Lee Adler, unless authored by me, under my byline. No endorsement of third party content is either expressed or implied by posting the content. Do your own due diligence when considering the offerings of information providers.

Try Lee Adler's Technical Trader risk free for 90 days! Follow the money. Find the profits!

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.