It is now the holiday shopping season, or as Barry Ritholtz calls it Shopmas, and no one wants to do any cooking lest they lose out on a sale item at the mall. In America that means ordering food and for many pizza. The first name that comes to mind in the pizza chain business is Domino’s Pizza, (DPZ). Not a bad call, and from an investment or trading perspective it is also a good name to think of. The chart below shows a long rising trend going back to June 2012. The 50 day Simple Moving Average (SMA) has acted as support over this time and it is close to there now. It offers a new chance to get into the stock on either a hold of support at that 50 day SMA at about 68 on a pullback or on a break above the blue resistance line at 69.80.
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