Order filled, but didn’t have the volume to follow through and ended a little lower. The volume continues to decrease. It looks good for a BO, but may need to absorb some more supply first.
Papa John’s International, Inc. operates and franchises pizza delivery and carryout restaurants under the Papa John’s trademark in the United States and internationally. It operates through four segments: Domestic Company-Owned Restaurants, North America Commissaries, North America Franchising, and International Operations. The company also operates dine-in and delivery restaurants. As of December 29, 2019, it operated 5,395 Papa John’s restaurants, which included 598 company-owned and 4,797 franchised restaurants. The company was founded in 1984 and is headquartered in Louisville, Kentucky.
Stop Trigger = $83.50 | Limit = $83.81 | Stop Loss = $79.32 | 25% Position. Honestly, the fundamentals aren’t very impressive, but the technical setup is too perfect to pass up.