03-18-2014, 01:30 AM
However, some argue that it's time to jump ship:
Shares of Burger King Worldwide have been significantly outperforming those of their number-one competitor, McDonald's, in recent months. Jonathan Krinsky, chief market technician at MKM Partners, says now is time to "flip the burger trade" — i.e., sell Burger King and buy Mickey D's.
Krinsky believes shares of the former are looking extended after a great run, such that "risk-reward no longer looks favorable on the long side." Shares of McDonald's, on the other hand, may be breaking out of a downtrend.