Bloomin' Brands' Stock: Is a Floor Finally in Sight?

Bloomin' Brands, Inc. (BLMN), a casual dining heavyweight, has struggled despite steady revenue growth, with the stock down 25% since August. The downward pressure has been fueled by thinning margins, sluggish foot traffic, and a downward revision of their full-year earnings outlook. A recent technical shift has broken above a long-term declining trendline, with key levels to watch at $6.21 and $5.90. If the bulls can clear resistance at $7.86 and $8.50, the path opens up for a test of the $11.00 mark.