Entry level $63 = Target price $67.00 = Stop loss $61.70
Stock has found strong support and is forming a base, the &&12ma's have bullishly crossed above the 34ma.
MACD, Histogram and RSI are in bullish trajectory with decent volume to support.
16% short interest can fuel a nice rally.
Stock is still 40% of its highs.
Shake Shack, Inc. is a holding company, which engages in operating fast food hamburger restaurants. It offers angus beef burgers and flat-top dogs, cage-free chicken, spun-fresh frozen custard, crinkle cut fries, craft beer, and wine. The company was founded by Daniel Harris Meyer on September 23, 2014 and is headquartered in New York, NY.
Stock has found strong support and is forming a base, the &&12ma's have bullishly crossed above the 34ma.
MACD, Histogram and RSI are in bullish trajectory with decent volume to support.
16% short interest can fuel a nice rally.
Stock is still 40% of its highs.
Shake Shack, Inc. is a holding company, which engages in operating fast food hamburger restaurants. It offers angus beef burgers and flat-top dogs, cage-free chicken, spun-fresh frozen custard, crinkle cut fries, craft beer, and wine. The company was founded by Daniel Harris Meyer on September 23, 2014 and is headquartered in New York, NY.
