Thumbs Up for This Restaurant, Thumbs Down for That One

To follow-up on an idea noted previously on the site, while CMG is still struggling to piece together a snapback rally in its ongoing downtrend FRGI is actually looking like the better choice for a restaurant bottom.

On the updated daily chart, below, we want to see if bulls can now convert this $26 level into support. 

Both CMG and FRGI have been beaten-down for a good while now but are largely sideways over the last few months. Still, FRGI is acting much better in recent sessions and should be monitored as a "sleeper" turnaround story while everyone likely has eyes on CMG. 

See you after the bell for my recap.