Pizza Franchise Leader Forms Bull Flag in Strong Trend
Domino’s Pizza (DPZ) shares are showing great relative strength and bull flagging near highs as the MACD nears a bull cross. DPZ closed strong at highs on Monday to start June and look poised to see trend continuation that can head back to the 540 prior highs it saw on the earnings gap up last month. DPZ has been gaining steam this year now up +27% in 2024 with its Uber Eats partnership expanding its presence now into Canada as well as the US. The all-time highs from late 2022 at 567 seem to be the next likely objective longer term this year. On 5/24 DPZ saw 300 July $500 puts sold to open at $16.20 to $15.80.