**This is a reentry after cashing out of the original trade with gains. Basic writeup and technical analysis still apply which was originally written here: 
Jack in the Box
JACK reentered my "crash" simple moving average zone. While there is a high chance the price may ride the lines down even further, there is currently a double bottom. A company like JACK will benefit from interest rate cuts due to its significant debt, but it is a very risky trade. There are better companies out there.
However, with an 18 million float and 27% short interest, this could get very interesting as rates are cut. It's a gamble that hinges highly on company turnaround ("Jack on Track" plan) and the possible sale of Del Taco. Thus, at $17.00,JACK is in a personal buy zone.
Targets into 2028:
Jack in the Box
JACK reentered my "crash" simple moving average zone. While there is a high chance the price may ride the lines down even further, there is currently a double bottom. A company like JACK will benefit from interest rate cuts due to its significant debt, but it is a very risky trade. There are better companies out there.However, with an 18 million float and 27% short interest, this could get very interesting as rates are cut. It's a gamble that hinges highly on company turnaround ("Jack on Track" plan) and the possible sale of Del Taco. Thus, at $17.00,
JACK is in a personal buy zone.Targets into 2028:
- $22.00 (+29.4%)
- $26.00 (+53.0%)
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.