Long Position on TXRH @ $32.20 on 12/4/2014 (Momentum)

Texas Roadhouse, Inc. (TXRH) operates a full-service casual dining restaurant chain.

The company operates its restaurants primarily under the Texas Roadhouse name, as well as sells franchises its restaurants.

The company operates its restaurants primarily under the Texas Roadhouse name, as well as grants franchise rights for restaurants.

It also provides supervisory and administrative services for other franchise Texas Roadhouse restaurants. As of May 5, 2014, the company operated approximately 425 restaurants in 48 states, as well as in 3 countries internationally.

Shares have formed a bullish "flag" and higher share prices are expected for this stock. Note that the stock was downgraded yesterday and shares saw a minor pullback despite the pullback. 

52-Week Trading Range: $22.87 - $33.43

Entry Point: $32.20

Stop Loss: $30.59

Target Price: $35.42

Updates

1/7/2015 10:59:08 AM

We are closing TXRH at $34.18 after its 30 days expired.

Position closed on 1/7/2015 at price of $34.18 with a 6.15% gain in 34 days.

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