Relative Strength Restaurant Name Forming Bullish Consolidation
Brinker (EAT) shares of the restaurant chain of franchises are setting up bullish in a nice consolidation pattern that has held up great in a weak market and did not even test its rising 200 day EMA the past few weeks in the turmoil. Relative strength names like EAT should perform well and if the markets turn higher and stabilize the stock can see new highs likely above 160. EAT saw a massive buyer of 1400 May $145 calls on 4/14 at $15.50.