CKE Restaurants (CKR)

Company

CKR 1-year chart CKR 2-month view

"CKE Restaurants, Inc. (CKE), through its subsidiaries, franchisees and licensees, operates some of the most popular U.S. regional brands in quick-service and fast-casual dining, including the Carl’s Jr.®, Hardee’s®, La Salsa Fresh Mexican Grill® and Green Burrito® restaurant brands. The CKE system includes more than 3,200 locations in 43 states and in 13 countries." (company website)

CKR 6-month chart
CKR 1-year view

Buy

When I bought CKR a while ago, I was able to get only 300 shares. I bought another 200 in today's sale. The sell-off brought it back to touch-up with the 50-day moving average and the trend line, both of which should be good things.

  • Price momentum (PPO) — picking up
  • Trend (ADX) — very strong
  • Money flow (CMF) — increasing inflow
  • Relative strength (RSI) — back near neutral
  • Volume — steady at around 700K shares/day

Based on technical analysis, MarketEdge calls CKR a "buy" in a "strong upward trend."

Sell

gain Bottom line
15%

CKR just set a new 52-week high and is beginning to show a bit of weakness in the chart: momentum (PPO) and buying pressure (+DI) are both slowing. Although CKR has stood up well in this week's sour market, this seemed time to take a handsome profit. I suspect there will be another down-cycle and I expect to jump back in when it's over for the next ride up.