“We chased our pleasures here
Dug our treasures there”
BLMN formed its cycle low on Thursday. It formed a swing low on Friday to signal a new daily cycle. On Monday it closed above the 10 day MA and on Tuesday it is ‘breaking on through to the other side’ of the declining trend line to confirm a new daily cycle. BLMN established a daily uptrend prior to declining into a DCL. Since the swing low formed above the lower daily cycle band indicates that BLMN remains in its daily uptrend and triggers a cycle band buy signal.
Bloomin’ Brands Outback Steakhouse owns and operates casual, upscale casual, and fine dining restaurants such as; Outback Steakhouse, Carrabba’s Italian Grill, Bonefish Grill, and Fleming’s Prime Steakhouse & Wine Bar. With stocks emerging out of a daily cycle low to bolster the rally, this is a play on restrictions being lifted.
Cycle Trading 
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