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As analysts get bullish on Domino's, these two fast-food stocks could have even more upside, trader says

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With Domino's a top idea at Oppenheimer and McDonald's setting record highs, two traders survey the fast-food space's mixed performance this year.

"I'm a little concerned," he said. "Having said that, there are two stocks that look pretty good, and if they rally much further, they're going to get some momentum behind them.""The stock has broken above its 200-day moving average," Maley said, pointing to the chart. "It's also made a higher high above its June highs. That's bullish.

"Now there's a lot of ifs in there," Maley added. "We do need some more upside momentum in these names. But if ... [this group] does get some upside, those are the two stocks you want to look at rather than a Chipotle, which has already had a huge move." "I'm a believer of avoiding this entire space in general," he said in the same "Trading Nation" interview. "I don't have to go to Domino's to buy pizza. I can go to my local place. Or I can go to my local Tito's Burrito's ... where I live, or I can make my own lunch. So, I don't need to go to these places to order food."

 

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