Jump for Chuy if This Stock is Bottoming

Amid lower oil and gas prices, plenty of restaurant stocks have been hot. CHUY has not been one of them, however. The most obvious commentary would be to immediately shun the stock as a loser and worthy of a short, based on this underperformance alone. After all, if the stock cannot rally when its peers are amid improved consumer confidence and a glorious "tax cut at the pump," then when can it? Nonetheless, I am seeing signs that the selling could easily be abating. You are talking about a low float/heavily-shorted stock, making it ripe for a vicious counter-trend short squeeze, provided you can keep a disciplined stop-loss to approximate a favorable risk/reward right for a long. On the daily chart, below, the stock is attempting to emerge from a potential long base bottom. Yesterday's upside reversal was a start, and today's strength helps to confirm it, too. $20 is going to be the next minor resistance level to clear, and would be my suggested trigger, before the 50-day moving average (dark blue line) comes into play. I suggest a stop-loss below $19.20 to avoid getting swept in another leg down.