The 50 and 200DMAs are already essentially converged and flatline for $LOCO. About as tame as you can get. I like to see this as a trading range until proven otherwise. And if it is a breakout, I think that point might be too late to get a good risk/reward entry. I am a bit confused how/why someone would have purchased $PLKI for $79 prior to Feb 21. There should have been lower offers available.

Although $LOCO looks stable now, the moving averages look like they will intersect soon, which is a buy/sell signal. I think that the signal is contingent on how $QSR proceeds in the acquisition. Moreover, recent developments suggest that the those who purchased $PLKI at $79/share prior to 21 February may have been taken advantage of. #Investigations are being conducted into the fairness of the aforementioned bid price.