BLMN Bloomin Brands Inc

$BLMN Bought full position. Running up over 2% with the $IWM down. A lot to like on both the long term and short term charts. Double bottom on the weekly from the covid low, bullish cross over with the 10 week over the 30 week in June and forming a handle on cup with handle. (1st chart) Above 30 week SMA and some decent above average volume weeks. Above a rising 5 DMA. The stock lost the gap open Anchored VWAP from the earnings release of $9.65 and went back and filled the gap. (2nd chart) This is the volume weighted price paid after hitting a high of $12.63 on Aug 5. It is trying to pivot above the sept 22 high of $8.89. The big pop on ER is also bullish suggesting could run into the next one in Nov. And I got a price below what it traded before the last ER. Hopefully a lot of bad news with gas prices already priced in with the post earnings drop.

$BLMN Making a strong move above the 50 day, 10 week SMA and the highest volume Anchored VWAP of $9.42. This AVWAP which is the same as the most recent high AVWAP is the volume weighted average price paid for every share since hitting a high of $12.63 on Aug 5. Big improvement in sentiment and clearing these SMA are typically what institutions look for and others on traditional scans for momentum. Holding large position with over 10% in 3 days

$BLMN up 5.6% premarket, after J.P. Morgan Securities upgrade to "neutral" from "underweight," with a price-target hike to $13 from $6 Year to date, the stock is up 28.2%