Nice buy! I think this is nice stock to showcase for 4th of July JER1 :-) Luby's has been around a while and is pretty "mainstay America" IMO.
I like that is has a smaller float (< 20mill), but I would rather its volume trade closer to 1% of it (~200k) for liquidity purposes. Nice recent surge on expansion news that caused it to pop out of a classic falling wedge pattern.
Short-term I think is more tailored for a wait and see approach for a new entry. Most current signals are warning to the sell side although I see support right here at this level. The best support confluence is ~5.50
To the up side, H-Res is not too strong w/ the 6.10 area currently the most significant.
The CFO buys in June are a nice added sentiment bonus.
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