When the Price of (CHUY) Talks, People Listen

March 11, 2024, 10:00 am ET, BY THOMAS KEE- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for CHUY

• Buy CHUY slightly over 31.73 target 34.86 stop loss @ 31.64 Details

The technical summary data tells us to buy CHUY near 31.73 with an upside target of 34.86. This data also tells us to set a stop loss @ 31.64 to protect against excessive loss in case the stock begins to move against the trade. 31.73 is the first level of support below 33.42 , and by rule, any test of support is a buy signal. In this case, support 31.73 would be being tested, so a buy signal would exist.

• Short CHUY slightly under 34.86, target 31.73, stop loss @ 34.96 Details

The technical summary data is suggesting a short of CHUY as it gets near 34.86 with a downside target of 31.73. We should have a stop loss in place at 34.96though. 34.86 is the first level of resistance above 33.42, and by rule, any test of resistance is a short signal. In this case, if resistance 34.86 is being tested, so a short signal would exist.

Swing Trading Plans for CHUY

• Buy CHUY slightly over 33.89, target 34.48, Stop Loss @ 33.79 Details

If 33.89 begins to break higher, the technical summary data tells us to buy CHUY just slightly over 33.89, with an upside target of 34.48. The data also tells us to set a stop loss @ 33.79 in case the stock turns against the trade. 33.89 is the first level of resistance above 33.42, and by rule, any break above resistance is a buy signal. In this case, 33.89, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short CHUY slightly near 33.89, target 31.73, Stop Loss @ 33.99. Details

The technical summary data is suggesting a short of CHUY if it tests 33.89 with a downside target of 31.73. We should have a stop loss in place at 33.99 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 33.89, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for CHUY

• Buy CHUY slightly over 34.06, target 34.51, Stop Loss @ 33.98 Details

If 34.06 begins to break higher, the technical summary data tells us to buy CHUY just slightly over 34.06, with an upside target of 34.51. The data also tells us to set a stop loss @ 33.98 in case the stock turns against the trade. 34.06 is the first level of resistance above 33.42, and by rule, any break above resistance is a buy signal. In this case, 34.06, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short CHUY slightly near 34.06, target 31.73, Stop Loss @ 34.14. Details

The technical summary data is suggesting a short of CHUY if it tests 34.06 with a downside target of 31.73. We should have a stop loss in place at 34.14 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 34.06, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for Chuy's Holdings Inc. (CHUY) available here: CHUY.

CHUY Ratings for March 11:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Neutral
P1	0	0	31.73
P2	34.06	33.89	34.86
P3	34.51	34.48	38.11

AI Generated Signals for CHUY

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This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of Chuy's Holdings Inc. (NASDAQ: CHUY) tells an important story.  The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity.  The data below for CHUY can be used as an example, and demonstrate how to do this for other stocks too.  This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.