Coinstar, Inc. (CSTR) is a multi-national company offering a range of solutions for retailers’ storefronts consisting of self-service coin counting; entertainment services, such as skill-crane machines, bulk vending machines and kiddie rides, and e-payment services, such as money transfer services, prepaid wireless products, stored value cards, payroll cards and prepaid debit cards.
CSTR gapped up big time recently on earnings. However once it reached the 200 dma it found resistance. It eventually did break it but is sitting just above it. Today the 200 dma provided a good support for it. Once its broken on the downside this becomes a potential short. The volume is drying out which indicates less buying interest. RSI is 70+ indiating overbought levels.
Buffalo Wild Wings, Inc. (BWLD) owns, operates and franchises restaurants featuring a variety of boldly flavored, made-to-order menu items, including the Buffalo, New York-style chicken wings spun in any of the Company’s signature sauces.
BWLD has a similar story to CSTR. For now it is sitting above the 200 dma. It will be interesting to see if it can hold above that level. Potential short once it breaks the 200 dma on the downside.
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