A restaurant chain showing signs of life after a long time in the doldrums

Potential Buy Entry Alert DMP

Time Frame : Daily/Weekly

Sector : Customer Services/Restaurants

Key Stats : $4.49 Billion Market Cap, Div Yield 1.97% and PE Ratio of 41.4, VWAP 52.961.

Company Overview : Domino’s Pizza Enterprises Limited (DMP) is engaged in the operation of retail food outlets and franchise service. The Company holds the exclusive master franchise rights for the Domino’s brand and network in Australia, New Zealand, France, Belgium, the Netherlands, Japan and the Principality of Monaco.

 

DMP – Dominos Pizza Enterprises Limited

DMP is showing some signs of life after spending a long time on the slippery slide lower. We see a break of the 50.00 zone as important showing signs of buyers stepping in at higher prices. We are now watching for a pullback for some heat to come out of the price and then a higher low to build for the entry.

 

Stock Code : DMP – Dominos Pizza Enterprises Limited

Company Website : www.dominos.com.au

Current Price : 52.98

Status : On watch for buy entry trigger