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Tuesday, September 30, 2014

Us Stocks-Restaurant stocks have bullish technicals -MKM

Shares of restaurant companies were mostly lower on Tuesday, though MKM Partners wrote that a number of names in the space appeared poised to outperform on a technical basis. Jack in the Box Inc hit its second all-time high in as many days on Tuesday, up 1.2 percent to $68.50 and "breaking out of a six month base," wrote Jonathan Krinsky, MKM's chief market technician in Greenwich, Connecticut.

http://www.reuters.com/article/2014/09/30/markets-stocks-usa-idUSL2N0RV14720140930?feedType=RSS&feedName=hotStocksNews

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