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andrew.berg
Apr 7, 2016 8:46 PM

SHAK found bottom and ready to go Long

Shake Shack, Inc.NYSE

Description

Looks like this broken stock found support around $32 and bounced off. Now, consolidates nicely above 8/21 EMAs. Break up and close above consolidation resistance at $38.20 can bring more active buyers with stop below $35.25 and target at $42.80. That makes this trade reasonable from Risk/Reward perspective and probability/ Overall market is bullish which can support the stock
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