Top Advisors Corner

Who Doesn't Love Pizza!

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Hello fellow StockCharts Users. Who doesn't love pizza? I know I'm a big of anything pizza-related, except the whole trend with putting pineapples on pizzas. There are few setups that are interesting to me such as Domino's (DPZ) & Papa Johns (PZZA). According to Business Insider, Domino's and Papa Johns are going to hire more than 50,000 workers due to the coronavirus while other major companies are laying off workers. Let's get to the charts!

Domino's (DPZ) broke out back in February after a strong earnings report. Since then, it has come back to the 40-week moving or the 200-day moving average. The stock has also made a higher low and, as long as it's above $300, it will continue to be interesting. We also have a SCTR at 99 and new relative highs to the $SPY and $XLY.

Papa Johns (PZZA) is setting up for a potential rangebound trade. The stock has support at $50 and resistance at $70. Currently, we have potential upside of over 20% back to the previous resistance. Papa Johns as well has a SCTR above 90 and is just attempting to move about the 200-MA relative performance line against the $SPY & $XLY.


- Aleksandar Bozic

Technical Analyst, ValueTrend Wealth Management

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Disclaimer: Aleksandar Bozic is a Technical Analysis Associate at ValueTrend Wealth Management. He can be contacted at abozic@valuetrend.ca. He may hold positions in the securities mentioned. The information provided is general in nature and does not represent investment advice. It is subject to change without notice and is based on the perspectives and opinions of the writer only. It may also contain projections or other "forward-looking statements." There is significant risk that forward-looking statements will not prove to be accurate and actual results, performance or achievements could differ materially from any future results, performance or achievements that may be expressed or implied by such forward-looking statements and you will not unduly rely on such forward-looking statements. Every effort has been made to compile this material from reliable sources; however, no warranty can be made as to its accuracy or completeness. Before acting on any of the above, please consult an appropriate professional regarding your particular circumstances. Full Disclosure here.

Aleksandar Bozic
About the author: is a Technical Analyst Associate at ValueTrend Wealth Management. He previously founded the Ryerson Society of Technical Analysts and became the first student ambassador for the CMT Association. He now serves as Chapter Assistant for the Toronto wing of the CMT Association. In addition to numerous guest appearances on StockCharts TV, Aleks has appeared on Yahoo! Finance TV and has been invited to speak about his investment and charting methodologies to multiple chapters of the CSTA. Learn More
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