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.
I would say things look promising for #Popeye because $QSR can use its international reach to introduce Popeyes' Louisiana-style fried chicken and buttermilk biscuits to more diners globally as 1,600 of its 2,000 restaurants are currently in the United States. $PLKI
Would like to hear more about this potential acquisition. How does #Popeye's look as a company from a stock perspective and how will acquiring $PLKI help $QSR?
QSR Picks Popeyes And Leaves El Pollo Loco As the Last Chicken Standing
Thanks for the article and comment. Glad I bought $PLKI when I did!
QSR Picks Popeyes And Leaves El Pollo Loco As the Last Chicken Standing
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.
QSR Picks Popeyes And Leaves El Pollo Loco As the Last Chicken Standing
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.
Restaurant Brands International Inc. Reported To Be Acquiring Popeyes Louisiana Kitchen Inc
I would say things look promising for #Popeye because $QSR can use its international reach to introduce Popeyes' Louisiana-style fried chicken and buttermilk biscuits to more diners globally as 1,600 of its 2,000 restaurants are currently in the United States. $PLKI
Restaurant Brands International Inc. Reported To Be Acquiring Popeyes Louisiana Kitchen Inc
Would like to hear more about this potential acquisition. How does #Popeye's look as a company from a stock perspective and how will acquiring $PLKI help $QSR?