Burger Act 2: Back in the Habit

Persistent weakness in the energy complex as well as the general small caps in the Russell 2000 Index appear to be weighing down stocks today, with a looming vote on healthcare coming out of Washington, to boot. 

Despite the glaring weakness in some parts of the market, stocks have not come close to cracking as a whole. Thus, it is still a worthy endeavor to keep a good list of stocks holding up well. 

And consistent with recent blog posts detailing some long-term turnarounds in play, such as CMG WFM (earnings coming up for Whole Foods), another food-related play is Habit Burger Grill, owned by Habit Restaurants. 

With earnings now out of the way, we can see HABT acting better over the key $18 level for a possible major base bottom. If HABT keeps holding this prior resistance a newfound support, I would add it to our running list of casual diners acting much better this year. 

True, SHAK earnings are tonight. But I view HABT as the better play here anyway with more realistic price points and therefore less susceptible to the perils of the burger craze wearing off than the much more expensive Shake Shack.