SHAKESHACK:SHAK Nice range trading, suitable for trend followers, evidently. Still looks OK to buy, using the lower parallel as a dynamic exit point if broken at any point before it reaches a very obvious upside target at 39.30 -39.62 range - at which point positions can be reversed with stops above 40. And then if that short is taken out it will show that it's...
4.45 millions shares traded vs. average vol of 671k
This stock was largely pumped up for a major exchange stock. It is a foody but if we take GoPro for example sitting on 300m cash in 2014, this guy is seriously over cooked. $16 a share feels right for me. The company just spent $32m on equipment, raised revenue but raised cost too. Now they sit with an $8m loss for 2015. Not good... Could this be heading lower?