) just a day off major, long-term highs, I thought it might be
worth looking around the stock market for the shares of other,
albeit lesser, fast food companies that might also be due for - if
not right smack in the middle of - short-term pullbacks. Here's a
look at what I found.
Buffalo Wild Wings
) have sold-off for seven out of the past eight trading days, and
have spent an entire week in technically oversold territory above
the 200-day moving average. The selling in BWLD has earned the
stock a short-term positive edge of more than 1%.
BWLD rallied to new, yearly highs at the end of the month in
December, and the selling in the stock over the past several days
continues to represent traders and investors taking profits and
locking in gains in the wake of the stock's impressive 2011 run.
Should this profit-taking intensify, and perhaps even descend to
the level of panic selling as those traders and investors who
arrived late to the Buffalo Wild Wings stock party start working
about being the last ones to leave, the likelihood of BWLD earning
even larger, short-term edges would be strong.
The Wendy's Company
for three days in a row, setting new, short-term lows for the past
two sessions in a row. Monday's lower finish, sending WEN lower by
more than 2%, marks the second time the stock has traded in
oversold territory above the 200-day moving average in a week.
Wendy's last three-day slide was in mid-December, and the stock
closed higher by more than 5% in just five days afterwards.
With a positive, short-term edge of more than one and a half
percent, shares of
) will no doubt attract attention from short-term traders looking
to buy weakness in
bull market territory
DPZ has finished lower for three days in a row, and is down six
out of the past seven days for a combined correction of more than
nine percent. Trading at its lowest level since late November,
shares of Domino's Pizza closed at their lowest levels of the
session on Monday, hinting strongly that sellers will have the
advantage when trading begins Tuesday morning.
Be sure to read our latest column from
7 Stocks You Need to Know
Volatility and Visa's New High
is Editor in Chief of TradingMarkets.com.