Penny stock trading- O CHARLEYS INC COM for penny stock investing Day Trading

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O CHARLEYS INC COM support, resistance research

Stock : CHUX	\| Stock Recommendations : Buy
Sector : Restaurants	\| First Resistance : 3.14
Stock Name : O CHARLEYS INC COM	\| Second Resistance : 5.44
Buy Near : 2.66	\| Third Resistance : 7.30
StopLoss : 1.96	\| First Support : 2.05
Posted date : 2/8/2009 12:00:00 AM	\| Second Support : 1.23

OCharleys Inc. is a casual dining restaurant company. The Company owns and operates three restaurant concepts under the OCharleys, Ninety Nine and Stoney River Legendary Steaks trade names. As of December 30, 2007, it operated 229 OCharleys company owned restaurants in 16 states in the Southeast and Midwest, 115 Ninety Nine restaurants in nine Northeastern states, and ten Stoney River restaurants in six states in the Southeast and Midwest

OCharleys beats by $0.13, misses on revs Reports Q4 (Dec) loss of $0.15 per share, $0.13 better than the First Call consensus of ($0.28); revenues fell 5.7% year/year to $202.9 mln vs the $206.8 mln consensusThe main difference here is that OCharleys would have still closed out its latest quarter in the red without writing down the value of its assets.This penny stock closer to its strong support and lookes good candidate for portfolio investment. Before to invest in any penny stock understand your risk.

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