$JACK Keep Climbing While $SPY Sells Off

JACK keeps looking more and more interesting. While it is hard to buy a stock that keeps making new highs, the recent price action tells us that someone is accumulating a position.

We are seeing more green days than red days in $JACK.

Ivanoff tweeted today that something is brewing and we agree. We've been watching JACK for some time and haven't pulled the trigger, but we are now.

Jack in the Box Inc. operates and franchises Jack in the Box quick-service restaurants. As of March 19, 2019, it operated and franchised approximately 2,200 Jack in the Box restaurants in 21 states and Guam. The company was founded in 1951 and is headquartered in San Diego, California.

As always, trade with caution and use protective stops.

Good luck to all!