Shares of Domino’s Pizza are up over 2% at $45.60 as a research report from Morgan Stanley forecasts the stock rising to $53.00 over the next 12 months.
The report suggests the recent fair-wage claims and complains from franchisees have been overstated in the sell off in the share price.
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The report also points out that DMP is the third most shorted stock on the ASX, with 16.5% of the company in the hands of short sellers.
From a technical perspective we see a key price hurdle in the $50.00 area, which is the bottom of the price gap lower on August 11th.
Short-term traders looking to buy DMP should place a stop around the $44.80 level.
Domino’s Pizza
