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: For those giving this trade a little more room or those that might have shorted when the backtest of the [...]

I'm blocking off some time today to review & update the current trade ideas on the site. As there might be quite a few updates posted today, email notifications will only be sent out on time sensitive trade updates with an email notification going out once all the trades in need of an update have been posted. DPZ was added as a Active Short Trade on April 7th on a breakdown below its primary uptrend line after putting in a divergent high. Following a recent backtest of the uptrend line from below, DPZ is trading back about where it broke down [...]

The following notes & chart outline the entry criterion, price targets, suggested stop & beta-adjusted position size for a swing trade in DPZ, Dominos Pizza Inc.

DPZ recently broke below this ascending channel but prices shortly moved back within the channel.  Although divergences persist, DPZ will be considered stopped out on any close above 67.00. [...]

DPZ will trigger a short entry on a break below this extended price channel.  Please note that the targets have been adjusted since this setup was last posted as the stock has continued to climb higher within the price channel, yet to trigger a breakdown.  However, we now have solid divergences in place as the stock recent put in a new high.  Although not shown here, there is also significant negative divergences in place on the weekly RSI, MACD, & PPO as well, which could provide the impetus for a longer-term swing short in DPZ once prices break below the daily [...]