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Wingstop Inc.

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WING trade ideas

Explosion Gap Pivot, $TMDX $PI & $WINGThese 3 stocks look like leaders, and all are making the same patter. The play is simple, wait for a throwback from the gap and then buy the close above the high. The thing is that as they are all real moovers, I'd try staggering stops. Is the best way I know to manage risk in stocks with hihg volatility. NASDAQ:WING is the first to breakout but with a doji candle. That is not very convincing. I'll wait until near the close to see if I start with a small position.
NASDAQ:WINGLong
by dpuleo19
Does WING's Earnings Bounce Have Legs?WING has been an interesting story in the restaurant sector over the past 7 years. Wingstop has experienced above-average growth in both top and bottom line figures over this timeframe. Let us explore why this is the case and where the stock may go from here... Fundamentals: WING's fundamentals are nightmarish. Incredibly high levels of debt (likely why WING has been able to expand so quickly), negative stockholders equity, 17% of shares float are short, a forward P/E of 70, yoy revenue beginning to stall with current year-end revenue expectations up only 2-3% from 2021 year-end. WING's total liabilities make up more than double its total assets. The company is grossly overvalued, Wingstop's intrinsic value is roughly 35-45 dollars a share. This bounce off of earnings is unsustainable, to say the least. The company did not even post a beat, and its shares surge 20%... this move simply does not make sense. Technicals: Long-term uptrend still intact. This will change if a move below the A trend line occurs. Currently, WING is struggling to break above the short-term bearish trend line labeled as B . A touch at 128.43 resistance and a quick retreat back to trend line B leads me to believe this is a temporary bull run in what is a longer-term downtrend for WING. Global macro conditions: Tightening of financial conditions, supply chain woes, war, sanctions, Supply crunches in energy commodities, climate crises, hot inflation, political unrest, and sovereign default concerns intensifying -along with other factors- all play a role in a rapidly worsening macroeconomic narrative. These factors are often talked about by economists but I fear they are overlooked in cases such as these when the market rewards a weak growth stock such as WING with a massive bounce in price off of an average earnings report, all during an unprecedentedly difficult global economy. Targets: Unclear as to when WING will significantly fall in price. I think the deterioration of financial markets over the next few years will be serious- things will get worse and stay worse for longer than expected- and companies with trash fundamentals like WING will be the first to suffer. Needless to say, I would be short WING if given an option. I see a fall to 113.92 as a short-term lock. Longer term I expect a choppy downward trade from lower support levels to lower support levels eventually forming fresh lows at the 49.89 support level. Seems like a bit of a wild prediction I'm sure, but this is what I see. As always this is not trading advice, good luck!
NASDAQ:WINGShort
by Gooby_Trades
Wing Stop USA Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series Focus: Worldwide By Sun Storm Investment Research & NexGen Wealth Management Service A Profit & Solutions Strategy & Research Trading | Investment | Stocks | ETF | Mutual Funds | Crypto | Bonds | Options | Dividend | Futures | USA | Canada | UK | Germany | France | Italy | Rest of Europe | Mexico | India Disclaimer: Sun Storm Investment and NexGen are not registered financial advisors, so please do your own research before trading & investing anything. This is information is for only research purposes not for actual trading & investing decision. #debadipb #profitsolutions
NASDAQ:WING
by Sunstorminvest
bird is the wordshe's clamped, ready for a nice free fall. No idea why fried chicken & shi shi burrito joints trade at their insane valuations but it warrants a head check and we all know this shit can't last in the face of rising input costs. Either capitalism comes nose-to-nose with sanity or Christ returns. One or the other, people... Sold my puts into a knee-jerk rally tape Friday, loading back up next rally in this name. Fading every relief bid this name sees. AAPL trades at low 30x, gets sold hard by the St. but chicken & soda gets 150X?? WTF. This shit is rigged. No wonder DOGEUSD is up 26,000%. Calling out all these suits & their asinine pumping.
NASDAQ:WINGShort
by QUANDRANTS