BLMN - Dec 24 100SMA StrongWeak BounceBLMN
Sector: Restaurants
Falling revenue and EPS
Nov Bloomin' Brands is selling 67% of its Brazilian business to focus on the struggling U.S. market, facing strong competition and declining sales.
The sale to Vinci Partners will simplify operations and provide funds for necessary U.S. restaurant remodels and menu simplifications.
Outback Steakhouse is under performing vs it’s peers in an already tough consumer market.
ADR 2.77%
Short Interest 9.72%
Is it a Hype Thematic: Thematic on consumer spend
Insider wise, we are seeing options being executed at higher prices vs current price. CFO’s recent exercised option was at $13.94
100SMA StrongWeak Bounce 🏀 (0.5R) v1.0
Trading risk at 0.5R as we are testing this strategy
This trade model is based on us riding the 100SMA trend waves of the strongest and weakest companies. It only executes well when greater force (RUT & SPX) is trending. Entries are at greater force key levels when it is consolidating. When greater force is taking off it is too late.
Entry
Within Stdev 100 zone
SL = ATR14 * 2 (Run full course no early exits)
Trailing stop (Previous Day Low or high)
Price launch off (D1)
D2 Closes
D3 Move SL to D2 Low