Upgrade generating short covers. http://www.marketwatch.com/story/shake-shacks-stock-shoots-up-after-analyst-turns-bullish-2016-01-19 Surf should stop by a local store and see if the chicken burgs are up to his personal standards. Personally, I wouldn't play in the food service/restaurant space just now.
$SHAK rallied back up near $35 on an upgrade Tuesday. SHAK will now have resistance up at $37-$38 going forward.
Shake Shack ($SHAK) has rallied 18% off the low after an upgrade this week. SHAK will now have resistance up at $37 going forward.
Shake Shack (SHAK) has rallied 22% off the low after an upgrade this week. SHAK will now have resistance up at $37 going forward.
Today I doubled my position on SHAK at $35.00. I also sold an equal number of June Calls (42.50) and Puts ($30.00) against my underlying position.
Shake Shack (SHAK) is forming a nice strong base in mid $30's. SHAK will now have resistance up at $37 going forward.
Shake Shack (SHAK) is looking weak again ahead of earnings in a month. Stocks like SHAK don't perform well in a horrible market like this but long term the future is bright.
Shake Shack ($SHAK) is looking weak again ahead of earnings in a month. Stocks like SHAK don't perform well in a horrible market like this but long term the future is bright.