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This Casual-Dining Play Has Room To Run

Published 05/31/2017, 03:07 PM
Updated 07/09/2023, 06:31 AM
EAT
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My most profitable short position is Brinker International (NYSE:EAT), which I’ve posted about many times. If you're not in this position, I think there's still time to enter. I think Brinker has a long, long way to go. Here’s the topping pattern and the breakdown:

Brinker International

And, for some perspective, here’s the long-term outlook:

Long-Term Brinker International

I’m sticking with this position as long as I possibly can, tightening up the stop-loss as I go.

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