Long Position on BLMN @ $20.65 on 4/15/2013 (Momentum)

Bloomin' Brands (BLMN) owns and operates casual, upscale casual, and fine dining restaurants primarily in the United States. The company operates restaurants under various concepts, including Outback Steakhouse, a casual dining steakhouse; Carrabba’s Italian Grill, an Italian casual dining restaurant; Bonefish Grill, a casual seafood restaurant; Fleming’s Prime Steakhouse and Wine Bar, an upscale, contemporary prime steakhouse; and Roy’s, an upscale dining restaurant.

As of December 11, 2012, it owned and operated approximately 1,400 restaurants in 48 states and 20 countries and territories.

Shares of this recent IPO, have formed a bullish "cup & handle" and higher prices are expected for this stock.

52-Week Trading Range:  $11.57 - $21.09

Entry Point:  $20.65

Stop Loss:  $19.61

Target Price:  $22.71

Updates

5/15/2013 9:59:32 AM

We are closing BLMN at $21.60 after it failed to reach our target after 30-days. Proceeds were invested in MELI

Position closed on 5/15/2013 at price of $21.60 with a 4.60% gain in 30 days.

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