Fiesta Restaurant Group Stock Wedge Coming Off Oversold RSI
Fiesta Restaurant Group stock has formed a Bullish Wedge as it's coming out of oversold on the RSI.
A divergence is ongoing between the price of the stock and the EPS forecast. I don't think the divergence will last very long as rising EPS forecast usually translates into a higher stock price fairly quickly. About 60 days ago, the EPS forecast was $0.37. As of April 21, 2015, that has been raised to $0.38.
The annual EPS growth rate for the last 5 years is a sizzling fajita 35.1%. But growth has REALLY picked up recently. Quarter over quarter, EPS has increased by an incredible 254.5%.
Fiesta Restaurant Group plans to add 24 to 26 Pollo Tropical restaurants this year.
Source: guerillastocktrading.com/stocks/fiesta-restaurant-group-stock-divergence-with-eps/
A divergence is ongoing between the price of the stock and the EPS forecast. I don't think the divergence will last very long as rising EPS forecast usually translates into a higher stock price fairly quickly. About 60 days ago, the EPS forecast was $0.37. As of April 21, 2015, that has been raised to $0.38.
The annual EPS growth rate for the last 5 years is a sizzling fajita 35.1%. But growth has REALLY picked up recently. Quarter over quarter, EPS has increased by an incredible 254.5%.
Fiesta Restaurant Group plans to add 24 to 26 Pollo Tropical restaurants this year.
Source: guerillastocktrading.com/stocks/fiesta-restaurant-group-stock-divergence-with-eps/
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