Restaurant Software Provider Setting up Trendline Breakout
Toast (TOST) shares of the restaurant software name are curling higher and setting up a trendline break above the key level of 25 for a potential rally back up to the monthly value high near 27. A quick trade potential offering a good risk to reward ratio and only if it closed above 25 would it trigger. TOST has spent the summer consolidating in a healthy sideways pattern on top of its yearly value and YTD VWAP support which sits at 22.80 currently and was a perfect buy the dip spot early this month during the market selloff. TOST saw recent buys of 1500 Sept 6th $24 calls at which remain in OI and over 2300 Sept $26 short puts still holding.