Nishant Pant breaks down a trade in Domino's.
The broader market has staged an impressive recovery following last week's growth scare triggered in part by the Japanese central bank's decision to raise rates on the other side of the globe. Amid this broad comeback, Domino's Pizza , which had tumbled 18% after posting mixed earnings on July 19th, has seen a modest rise along with most other stocks. However, DPZ is encountering resistance around the $448 level, suggesting that its recent upward momentum may be fading.
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