TXRH ShortCould dump off this level. I loke how it is setting up on the weekly for a short. Not taking this one. I dont trade short often.
TXRH trade ideas
TXRH a western theme restuarant stock LONGTXRH is here on a weekly chart with a linear regression line overlaid along with a Keltner
Channel indicator. Below the chart is the Chop Zone indicator. TXRH has been in a trend up
for more than six months. There were corrections in January and April. I conld suppose
another correction may occur in July whne trading volumes are lower for the summer.
In the meanwhile < I see TXRH as a good long trade until the anticipated July pullback or
the chop zone signal falls into the chop zone. TXRH is at an all time high. Typically it may not
be the best place to take a long trade but in this case I believe that the momentum will
persist and the trade will be quite profitable.
Texas Roadhouse (TXRH) Continues Strong Growth Trajectory
Texas Roadhouse (NASDAQ: NASDAQ:TXRH ), a renowned name in the casual dining segment, has once again showcased its resilience and growth potential despite facing headwinds in the economic landscape. With a steadfast focus on operational excellence, strategic expansion, and prudent financial management, NASDAQ:TXRH has not only weathered the storm but also emerged as a beacon of success in the restaurant industry.
Solid Financial Performance:
NASDAQ:TXRH 's recent financial results for the fiscal year ended December 26, 2023, paint a picture of robust growth and efficiency. Comparable restaurant sales surged by double digits, depicting the enduring appeal of the brand among consumers. Notably, the company witnessed an impressive uptick in average weekly sales, fueled by a balanced mix of dine-in and to-go orders, reflecting the adaptability of its business model to evolving consumer preferences.
Operational Efficiency and Margin Expansion:
One of the key highlights of NASDAQ:TXRH 's performance is its relentless pursuit of operational efficiency. Despite facing inflationary pressures on multiple fronts, including commodity costs and labor expenses, the company managed to expand its restaurant margin dollars significantly. This feat underscores NASDAQ:TXRH 's ability to effectively manage costs while driving top-line growth, thereby enhancing shareholder value.
Strategic Expansion and Development Pipeline:
NASDAQ:TXRH 's ambitious growth agenda is evident from its expansion efforts in 2023, marked by the opening of numerous company-owned and franchise restaurants. The company's CEO, Jerry Morgan, expressed confidence in the development pipeline for 2024, with plans for new restaurant openings underway. This strategic expansion not only strengthens NASDAQ:TXRH 's market presence but also underscores its commitment to delivering exceptional dining experiences to customers across diverse geographies.
Resilient Outlook and Investor Confidence:
Despite prevailing economic uncertainties, NASDAQ:TXRH remains optimistic about its prospects for 2024. The company's management reaffirmed its expectations for positive comparable restaurant sales growth and store week expansion, underpinned by prudent pricing strategies and operational efficiencies. Moreover, NASDAQ:TXRH 's decision to increase its quarterly cash dividend reflects management's confidence in the company's financial strength and long-term growth trajectory, further enhancing investor confidence.
Closing Thoughts
Texas Roadhouse ( NASDAQ:TXRH ) continues to outperform expectations, driven by its unwavering commitment to operational excellence, strategic expansion, and prudent financial management. Despite facing challenges posed by inflationary pressures and economic headwinds.
Steak on the Menu? Texas Roadhouse look at that climb back up. This one is green on the day, week, month, and quarter for growth. The RSI is low at 32.6.
The volume is coming in and we have some room for growth.
A great company that way under value.
Rising Wedge/Earnings 2-16Price has just barely broken the bottom trendline and a Doji candle is noted.
Price is above the .236 of the trend up since the Covid low.
No recommendation.
EPS (FWD)
4.11
PE (FWD)
24.54
Div Rate (FWD)
$1.84
Yield (FWD)
1.82%
Short Interest
***7.22%
Market Cap
$6.75B
Crooked W//ButterflyPrice is still above the .382 of the trend up.
I used the Political Flu low of 25.15 as a guide.
ATH is 110.75. ATH 4.09.
I have owned this in the past and this is a good company.
I am not sure it lives up here though.
The Butterfly has a retracement leg that pulls up in the bearish version to the .786. This one is a bit shy of the .786.
The final leg usually terminates at the 1.272. This one went a little bit higher.
No recommendation.
Short interest is around 7.77%.
Bearish Butterfly.
Texas Roadhouse, Inc. (TXRH) To retest previous topRSI back above 50.
Moving averages in great setup - including recent Golden cross.
MACD turning bullish.
Retest at previous top for new move.
11/3/2022 NASDAQ (TXRH)Short (Entry Price) below the black line and exit (Stop Loss) above the red line. Can take profit at the suggested Target Price.
Entry Price: $78.26
Target Price: $76.15
Stop Loss: $80.37
US Stock In Play: $TXRH$TXRH operates and franchises restaurants under Texas Roadhouse
breaking out of its second HTF, & VWAP from ATH on its wkly. RS bullish divergence from dec to feb is reflected on daily.
one could position this on wkly as a hedge if you are overloaded with O&G & commodities name
TXRH BreakoutTXRH breakout from the downtrend channel. Will take an entry on pullback to $90 level. Earnings in 10 days. So if I enter here I will be out before earnings release.
$TXRH Will we finally get the breakoutTexas Roadhouse has been in a descending channel since April and recently put in a double bottom, which what appears to be a sellers climax and we should get a breakout here to the upside. Recently some price target upgrades - go figure
I'm long MAR 95 calls .
Note, a rejection at trend line resistance bulls would want to see support on the 88 VP shelf. I will most likely hold this swing unless a break below 88 is validated.
TXRH originally caught my eye due to the UOA some whale call buys and I like the technical set up.
First PT 95.75 , continuation there to 99.5
$TXRH Breaking out and above 200MA now - updatePosted this idea earlier, calls now up +45% .
If you didn't take a trade, I think this has plenty room to go especially with a close above the 200MA (let's see how they close it).
If there is an expected retest of breakout, I will add to my position.
Stop loss just above break even.
Open interest of the MAR 22 95c is still 9,655 - the whale is still in this and so am I :)
Good luck traders !
$TXRH Unusual Option Activity Texas RoadhouseCaught some UOA flow for $TXRH - MAR 22 95C
Current open interest is 9,487
I always study the charts when I see a big call / put buyer especially for a name that's not as common.
Looks like a volume uptick from recent ER, at good volume shelf support zone and recaptured weekly 21 EMA .... bullish falling wedge pattern. Want to see this breakout or perhaps more consolidation first, but indicators curling up my bias is to the upside.
I followed the whale, currently +33% with $97.5 zone first price target.
Refer to Ford's recent price action for one of the best examples of multiple falling wedge breakouts.
TXRH to upper boundsFavoring the orange path here..
A test of the 50% and consolation above would make me comfortable going long for upper linear target at symmetrical peak.
Long | TXRHNASDAQ:TXRH
Possible Scenario: LONG
Evidence: Price Action
TP1: 104$
TP2: 107$
Call options, Strike 105$, 07/19/21
*This is my idea and could be wrong 100%
Still deciding where to goWe can clearly see an overall uptrend for $TXRH.
However, it is consolidating sideways these days and deciding where is the next move.
Target: $105
I'll prefer to wait patiently and see its next move and deciding if I want to place the trade.
For self-education use only. Not financial advice.
breakout in $TXRH after 3m consolidation on top of previous ATH19feb85C went from ~.80 to 5+
earnings due in 10 calendar days so interesting if it's gonna rally further pre-earnings
Countertrading MelvinMelvin has a position on this thing. I feel that I am obligated to short it.
Rekt hedge funds sell.
Texas roudhous's road up?Finally got my last bullish signal to confirm the move up after the quarter
TEXAS ROADHOUSE ChartHey guys, TEXAS ROADHOUSE is a in a fake bearish movement, large volume of sales executed rejection of sellers. It seeks to take profits pull the price down, to rise again. TEXAS ROADHOUSE directs towards its last precedent lower, in this situation it can breakout from above its comfort zone to join another and fall on the first precedent higher which corresponds to its zone.
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Texas Roadhouse Inc (TXRH - US) ABC wave pattern Texas Roadhouse Inc (TXRH - US) is moving down in ABC down wave pattern. B wave is complex wave, in which internal wave b was triangle. So possibly wave C will be very sharp down which is already started moving down. Let’s see how chart unfolds.
Texas RoadHouse (TXRH- US) Sell for triangle breakdownTexas RoadHouse (TXRH- US) formed triangle after severe downtrend. This triangle formed B wave as shown on chart. Sell below 45.30 after breakdown with stops above 47.85 for bigger down target
TXRH - 20% really?TXRH - closed on dead lows of the day at 58. It was 72 after great earnings and hit the top end of the impulse leg rally target. Last time I checked people haven't stopped eating and these restaurants are packed. Looking for a sharp snap back rally to get it back up to gap at 63-65 or so.
