Strong price action this morning in CAVA 0.00%↑ building upon last weeks strength.
Price is running up into the AVWAP from IPO, a huge bellwether for me in looking for trade opportunities in newer issues. Buyers have defended $75 recently, and we can see that a hurdle over the $85-$95 range would clear both the IPO AVWAP and 200 day moving average; opening up some nice upside potential. This is one to watch.