Sumary of Watch these two casual dining stocks as group dips this month, traders say:
- Big names in the group including Red Robin Gourmet Burgers, Bloomin’ Brands, Brinker International, Cheesecake Factory and Dine Brands Global sank in early Thursday trading after notching significant gains on Wednesday as part of a broader market rebound.
- “Bloomin’ Brands could also be worth considering, TradingAnalysis.
- “If we look at the chart of Bloomin’ Brands, it looks great,” Gordon said, pointing to the stock retesting its previous resistance around $25.Bloomin’ Brands fell over 2.5% in early Thursday trading to around $25.44.Zoom In IconArrows pointing outwards”We’re coming back to offer support,” Gordon said.
- “With a diversified slate of brands, a big position in hedge funds’ portfolios and some recent analyst support, Bloomin’ could be set up for a breakout, he said.