Texas Roadhouse continues its bullish rally to test new highs.
The high levels of valuation show the interest of investors for this security. Moreover, the company has a positive treasury, sign of a healthy financial situation.
From a technical viewpoint, prices are well oriented in a bullish trend on different time scales and are supported by the 20-week moving average. The stock has known a consolidation phase for few sessions but now the buyers consensus is re-mobilized. This positive trend is expected to go toward USD 25.8 resistance.
Given these elements, most active investors could take a buying position on crossing the USD 25.8 resistance. A stop loss is placed below the entry point, threshold that would invalidate the bullish strategy.
Texas Roadhouse, Inc. is a restaurant company, which operates predominately in the casual dining segment. The Company maintains three restaurant concepts operating as Texas Roadhouse, Bubbaâs 33 and Jaggers. Its Texas Roadhouse is a full-service, casual dining restaurant concept offering an assortment of specially seasoned and aged steaks hand-cut daily on the premises and cooked to order over open grills. Its Bubbaâs 33 is a full-service, casual dining restaurant concept featuring scratch-made food for all with a little rock 'n' roll, ice-cold beer, and signature drinks. Its Jaggers is a fast-casual restaurant concept offering burgers, hand-breaded chicken tenders and chicken sandwiches served with scratch-made sauces. Bubbaâs 33 restaurant consists of a freestanding building with approximately 7,600 square feet with seating for approximately 270 to 330 guests. It operates approximately 582 Texas Roadhouse restaurants, 45 as Bubbaâs 33 restaurants and eight as Jaggers restaurants.
TEXAS ROADHOUSE, INC. 
