In a research note issued to investors Thursday, Brean Capital ran through a few names in food they see technical setups for.
Brean analysts had a hunger for burger companies, liking the setups for Restaurant Brands International Inc QSR - think Burger King - and Jack in the Box Inc JACK.
The technicians had their fill of pizza stocks, disliking the setups for Domino’s Pizza, Inc DPZ and Papa John’s International Inc PZZA.
Analyst Frank Longman specifically stated, “QSR is riding along the top of a high base with reasonable momentum.”
Technical analysis is a security analysis methodology for forecasting the direction of prices through the study of past market data, primarily price and volume.
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