The Panera Bread (PNRA) chart is in a sweet spot.
I like the recent MACD turn higher on decent turnover. Lately there has been some strong call volume at or above the current price, indicating interest in higher prices. The recent pop off the low is holding up, and while the chart looks choppy, the moving averages are converging (see MACD). With earnings coming out soon and strong performance in the casual dining space, this one could make a strong move up. The last earnings report was a miserable one, and the stock paid for it dearly (I went to throw scones at the local store, but they were completely out). I suspect this time around, things could be very different. A break of 177 would confirm the bullishness and a move up to higher levels.
