This was another idea that I had put out there. Swinging CMG long through 420 with a stop below 400ish. I believe this has bottomed seeing as I started going back to this restaurant and guess what? the lines are long again. Over 435 and this thing is moving back to 500 plus. then 600.
Long through 420. Stop below 400. Target 500-600
02.23.17 – OPEN
03.22.17 Stuck with this idea yesterday. When this is UP on a day like yesterday you stick with it.
04.19.17 – With earnings in 1 week I am inclined to take this off, however if this has bottomed I think “for this trade” it may be worth the risk to keep on…
06.15.17 – What a trade, still holding against the low of today ish…so stop is 450.