Shake Shack, Inc.
Largo

$SHAK Entry level to watch

234
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.

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