DPZ (Dominos Pizza Inc) exceeded the suggested stop of any move above 189.35 for a 4.5% loss with the stock making what is likely to be one final thrust higher to put in another divergent high. While this trade will be moved to the Completed Trade category, it may be added back as another swing short trade soon as the price targets are still likely to be hit over the next year or so. Original & updated daily charts:
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- DPZ daily April 7th
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- DPZ daily May 16th
For those giving this trade a little more room or those that might have shorted when the backtest of the primary uptrend line, a break below this 60-minute rising wedge pattern is likely to bring DPZ down to at least the 190.20ish level.
DPZ 60-minute May 16th