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Monday, July 28, 2014

El Pollo Loco (LOCO) Stock Analysis 7/28/14 July 28, 2014

El Pollo Loco (LOCO) Stock Analysis 7/28/14 July 28, 2014

 
 

El Pollo Loco (LOCO) was Friday's hot IPO in July 2014 and shares are gapping up to $26 in pre market this morning.  LOCO stock traded between $19-$20 early in the day on Friday but then busted above $20 and quickly rallied to $23.85.  With one hour to go in the trading session, shares surged above $24 and a large 100,000 share block was filled right at $24.40 on the close.  El Pollo Loco (LOCO) stock then hit $25 in after hours.

Buy El Pollo Loco (LOCO) stock now?  With the heavy volume, LOCO is more of a trading stock right now.  The company isn't growing that fast but with only 7-8 million shares in the float right now, there will be huge swings over the next two weeks.  LOCO will need to display solid earnings into the lock up in 6 months to be able to hold these large gains.  Buy and hold LOCO below $24, trade it above $25.

Also see - Top Stocks 2014 - Top Stock Gainers 2014




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