A Turnaround from Ramen to Ribeye

A few restaurant-related stocks have stood out of late, namely PNRA and even PLAY, which has earnings tonight. Overall, the sector is still spotty, with some disappointments like BBRG DAVE FRGI HABT IRG KONA NDLS RAVE SHAK. 

Nonetheless, we looked at some plays recently which may be steadily improving. High-end steakhouse DFRG is one such example. But so, too, is casual burger chain Red Robin.

On the weekly chart, below, note the potential inverse head and shoulders RRGB is sporting after a prior, established downtrend. RRGB could also be a buyout target by a larger player in the causal or fast food arena, to boot. 

But if the name can clear $58.65 here I suspect it can run much higher regardless if a buyout is even being considered. 

Elsewhere, TSLA is distinguishing itself again among the major Nasdaq leaders with a gap higher this morning up and away from its recent consolidation. It may seem too obvious, with Elon Musk all over the news now. But, technically, Tesla has done everything it needed to in recent weeks to establish another bull case into the heart of spring.