Today's Technical View on McDonald's, Yum! Brands, Jamba and Texas Roadhouse
LONDON, April 2, 2013
LONDON, April 2, 2013 /PRNewswire/ --
Despite the expiration of payroll tax cuts at the start of the year, retail
sales have risen in the first two months of 2013. This suggests that consumer
confidence remains strong. Consumer confidence has been boosted by a
significant improvement in the labor market. If the labor market continues to
improve then a rise in consumer spending can be expected. This should benefit
restaurant companies such as McDonald's Corporation (NYSE: MCD), Yum! Brands
Inc. (NYSE: YUM), Jamba Inc. (NASDAQ: JMBA), and Texas Roadhouse Inc. (NASDAQ:
TXRH). On Monday, restaurant stocks ended mostly lower, tracking losses in the
broad market, which fell on the back of disappointing ISM manufacturing data.
StockCall initiated free in-depth technical analysis on MCD, YUM, JMBA, and
TXRH which are currently available upon sign up at
Shares of McDonald's Corporation edged lower on Monday. The stock ended the
day 0.64% lower at $99.05 after touching an intra-day high of $99.68.
McDonald's shares are currently trading close to their 52-week high of $99.78.
The stock has been facing stiff resistance at around $100. The company's
shares have outperformed the S&P 500 so far in 2013, gaining more than 13%.
The stock's MACD, however, indicates that market sentiment has turned bearish.
Its shares currently have support at around $98. Sign up for the free
technical analysis on MCD at
Shares of Yum! Brands Inc. fell sharply on Monday, reversing most of its gains
from previous trading sessions. The stock ended the day 1.07% lower at $71.17
after touching an intra-day low of $71.07. The restaurant chain company's
shares are currently trading 4.30% below their 52-week high. The stock had an
excellent run in March, gaining nearly 10%. The stock's 50-day moving average
has just crossed above the 200-day moving average, forming a "golden cross".
The stock's MACD is also trading above the signal line and the zero-line.
Download the free report on YUM by registering at
Despite the pullback in the broad market, shares of Jamba Inc. rose sharply
yesterday. The stock touched an intra-day high of $2.89 before finishing the
day 1.40% higher at $2.89. Jamba's shares have now gained more than 2% in the
last three sessions. Recent volume activity suggests that market sentiment has
turned bullish on the company. The stock is now approaching $3 resistance
level. Its shares are trading above their 50-day and 200-day moving averages.
The stock has gained more than 29% so far in 2013, outperforming the S&P 500,
which gained more than 9.50%. The free report on JMBA can be downloaded by
signing up now at
Texas Roadhouse Inc.'s shares fell sharply on Monday. The stock fell to an
intra-day low of $19.82 before paring some of the losses to finish the day
1.24% lower at $19.94. Its shares are currently trading close to their 52-week
high of $20.43. The stock has had an excellent run so far in 2013, gaining
more than 19%. However, the stock's MACD has just crossed below the signal
line, which is a bearish signal. The stock has also slipped below $20 support
level. Shares of the company are still trading above their 50-day and 200-day
moving averages. Free report on TXRH can be accessed by registering at
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