Chart Of Chuy's Weaker Than It Was Two Weeks Ago
Time and chart action can change a stock's situation for better or worse. When last we looked at the chart of restaurant chain Chuy's Holdings (CHUY) in this space, the stock was etching the fourth week of a potential flat base. A flat base involves a sideways pattern that corrects no more than 15%. The pattern must be at least five weeks long. The day after the May 6 article in IBD, wild action took the stock 16% off the pattern's high. At that
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