How Badly Do You Want a Pot?

A Potbelly, that is. 

With consumer names continuing to catch nice rotations, by and large, and the likes of Shake Shack threatening a runway squeeze higher after its massive earnings gap with no giveback, we feel compelled to ferret out names which have been essentially left for dead in this part of the market. 

Potbelly Sandwich Shop IPO'd back in 2013, subsequently dove from the $30s down to a $10 handle, and has been dead money ever since. 

Nonetheless, on the PBPB daily chart, below, it is hard to deny progress is being made by bulls, with price trading at its highest level this morning since May 2017. Also note PBPB clearing well-defined resistance (light blue line), though we would favor a close near the top end of today's price range. 

Still, with the action in SHAK and the recent progress in CMG, we are playing and stalking quite a few fast-casual, casual, and even steakhouse names for Members.