Today is options expiration, which probably isn't helping things. More important to TXRH, which just touched our stop of 16.89, CMG and MCD have left restaurant investors with indigestion. RRGB has now almost filled the gap from when they reported last quarter (29.04 was the high the day before, 29.28 is the low so far today).
Let's switch gears. MASI has dropped a little more, and I see strong support that could halt this persistent decline since it posted a 52-week high a few weeks ago. It's offered at 22.32:
- Target: 24.40
- Stop: 21.89
- Take-the-money: 22.99
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