How can two companies in the same sector, that basically sell the same products in bulk look so different? Well lets take look at the evidence in the charts in a comparison between $BJRI ( BJS RESTURANT iNC ) AND $COST ( COSTCO WHOLESALE CORP ).
As seen in the chart below $COST looks like it wants to resolve this symmetrical triangle higher. We want to be long this name above $384.19 with a short term target of $397.13 and a longer term target of $431.79 as seen on the weekly chart. It is currently above all moving averages, developing a daily squeeze, and tends to run up into its same store sales number.
Now lets take a look at the $BJRI chart which is telling a totally different story…
$GRPN is setting up a bearish head & shoulders pattern that is getting close to an entry signal…
We want exposure to the reopening trade and here is our idea $H $MAR $HLT
$XLNX has a daily slingshot squeeze. We also closed today above key moving averages.