Chart of the Day - Monday, July 29th, 2019

Today's Chart of the Day was shared on Twitter by YCharts (@ycharts). It's a performance chart highlighting the strength of chicken-related stocks....yes, chicken. We like this chart for two reasons. The first being that today is National Chicken Wing Day. The second is that it's a theme that we've been pounding the table on for months now. In May, our very own Steve Strazza pitched Wingstop ($WING) on Real Vision's Trade Idea's segment. We first arrived at the idea by observing that the Dow Jones Restaurant and Bar Index ($DJUSRU) was outperforming the broader market. From there, we took a look at the components within that index and found that $WING had a particularly appetizing chart setup. Since then, $WING has gained over 24%. Another reminder that the trend is your friend.