MEMORIES i remember swing trading this in may 2017 after hearing rick ross go on and on and those damn lemon pepper chicken. should've held longer. I just know his team secretly made huge money of this
WING trade ideas
$WING Short term trade In Wingstop Entry level $92.00 = Target price $99.50 = Stop loss $90
MACD on bullish trajectory, Histogram ticking higher and green.
Bullish RSI above 50.
Volume dominated by buyside.
Company profile
Wingstop, Inc. is a franchisor and operator of restaurants, which engages in the provision of cooked-to-order, hand-sauced, and tossed chicken wings. It operates through Franchise and Company segments. The Franchise segment consists of domestic and international franchise restaurants. The Company segment comprises company-owned restaurants. The company was founded in 1994 and is headquartered in Dallas, TX.
WING Put SpreadCost 1.89 Max loss is $123 Max gain is $200
Spread is 95/90 Put spread
Exp October 18,
looking like its breaking down from support and moving lower. It may hit $90. Since the market is rallying and this is dropping that's a decent indicator that its overweight.
This play is already active and this is not trade advice just my position being tracked on trading view.
PEMBELIAN MASIH BERTERUSAN BUAT WINGSTOP INCWingstop Inc membuat tujahan berterusan ke atas mengekalkan posisi di atas kawasan sokongan psikologi di USD100. Secara teknikalnya, belian menguasai jualan kaunter ini pada ketika ini. Ini ditunjukkan pada garisan biru 20-MA yang kekal di atas garisan merah 40-MA - menunjukan potensi gerakan menghala arah utara di sessi akan datang. Carta dia atas juga menunjukan penanda "14-day RSI" di atas 50 poin. Ini mengambarkan kewujuduan kekuatan pada aktiviti belian, mengukuhkan lagi pandangan positif kami.
Tanda sokongan sikologi dilihat pada USD100, diikuti sokongan seterusnya pada USD88. Pada arah yang bertentangan, tanda rintangan terdekat berada di sekitar aras USD110.
$WING The market must be near the top WINGSTOP has 121 P/EWe will keep this quite simple IT SELLS CHICKEN AND HAS A 121 P/E RATIO , its average analysts price target is $78, this just does not make sense regardless of growth and lower staffing costs, it is still chicken not some sort of TECH unicorn. Analysts recently questioned NYSE:MCD for having A 27 P/E. We will be waiting for this to run out of steam and when it does watch out below, it will run to $80 very fast and don't rule out $50 for a bottom.
$WING Ascending Triangle - New ATH Breakout$WING Ascending triangle breaking out today to new highs - monitor for a close above $79.90 resistance level. Not a fast mover with beta <1.0 and modest avg volume numbers but still looking solid recently.
Target - $90.00 by early August (note ER also early Aug)
Note: Informational, not investment advice.
$WING Bullish Earnings Bet$WING Bullish Earnings Bet
$300k in March calls traded today
See chart for possible near and medium term targets
Note: Informational analysis, not investment advice
WING longNASDAQ:WING
US name that's been pretty strong, may need some more time to consolidate here, but looking better
WING gaps up after new found support on the monthly chart.Looking for a re-tracement back to support. It is at an all time high!
WING Double TopJust an idea...
WING looks like it's about to double top, look for a reversal pattern (another doji?)
WING - impressive actionZacks Rank: 3-Hold 3 Style Scores: F Value | B Growth | C Momentum | C VGM Industry Rank: Bottom 43%(146 out of 255) Industry: Retail - Restaurants
don't feel like buying anything right now, but WING still very impressive
fyi has 14% short float
Massive Alpha To Be Found In This Chicken Spread!So this spread revolves around the simple, brutal strength that we are seeing in the economy right now. People are spending huge amounts of money on eating out right now, and given the ISM and UMCSI numbers I don't see that slowing down any time soon. Here, we pit a strong, cyclical restaurant chain specializing in chicken against a weak, defensive, consumer staples that is losing market share and in the worst spot from a macro perspective. This one's an easy winner. I was in this morning with a 3-1 R:R 40% target. Don't forget to hedge out those betas!
Cheers,
Andrew
Wingstop to BreakoutWingstop has been on an uptrend, but has been fighting against resistance. If markets keep pushing higher in the short term, we should see a breakout in this stock.
Share your opinion, comments and questions. Good Luck!
I will keep updating this post.
WING, How did I not see this?It was in my freaking watchlist, for how long, I don't know. It's in a very strong uptrend, looks nice but don't end up chasing the stock to much
