Technical Analysis of EAT and WSM

Technical Analysis of EAT

When stock gaps up on huge volume and later in the day profit taking takes place then it pulls back from the high.

That is the candle of Thursday (August 11th, 2016).

On Friday, EAT started to move up and when it took out the close of Thursday and moved up further then the buy triggered.

We went long on EAT via Calls.

Our Target $56

EAT - Technical Analysis - August 12, 2016 Technical Analysis of EAT and WSM EAT Technical Analysis August 12 2016







Technical Analysis of WSM

On Friday August 12, 2016 WSM was moving up with decent volume.

It also crossed 50 day moving average which is sign of bullishness in the stock.

It also closed at high of the day.

We went long on WSM on Friday via Calls.

Our target $56.07 which is 200 day moving average.



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