Trade Idea: TXRH (Texas Roadhouse) - Position Trading Setup

📈 Direction: Long (Swing to Position Trade)
🎯 Entry Zone: $190.00 - $191.07 (Ideal entry near $191.07)
⛔ Stop Loss: $181.57 (-5% risk)
🎯 Take Profit: $211.00 (+10.4% upside)
📊 Risk/Reward Ratio: 1:2+
🔍 Why TXRH?
📊 Technical Analysis
✅ Trend: Strong weekly uptrend (higher highs & higher lows)
✅ Moving Averages: Price above SMA 50 ($182.50) & SMA 200 ($175.00) → Bullish structure
✅ MACD Weekly: Positive momentum, no signs of reversal
✅ RSI (Daily): 58 (neutral, room to run before overbought)
✅ Key Levels:

Support: $187.50 (recent swing low)

Breakout Level: $190.00 (confirmation of continuation)

Target: $211.00 (next major resistance)

📉 Fundamental Backing
✔ Revenue Growth: Strong sales & earnings growth (fundamentals support bullish bias)
✔ Debt-Free: Zero debt (financial flexibility)
✔ Valuation: P/E 28.97 (slightly high but justified by growth)

🎯 Trade Execution Plan
🔹 Entry: Wait for confirmation above $190.00 (break & retest ideal)
🔹 Stop Loss: Tighten to $185.00 if price moves favorably
🔹 Take Profit:

TP1: $200.00 (partial profit)

TP2: $211.00 (full exit)

⚠️ Risk Considerations
Market-wide pullback could trigger stop loss

High P/E makes it sensitive to sector rotations

Monitor earnings dates for volatility

📌 Final Thought: TXRH is a high-quality stock with strong fundamentals and technicals. A break above $190 opens path to $211 with solid R/R.

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