$SHAK closed up 5.81 percent on Thursday, August 27, 2015, on 88 percent of normal volume. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a bounce should not be unexpected.
$SHAK failed at $50 twice this week after dropping near $40 on Monday. SHAK is a screaming buy below $43 from here on out.
$SHAK failed in the $51's on Friday but made a huge rebound from the $40 low last Monday. Buy SHAK if you see another huge leg lower.
Could see a quick little mean reversion to the 200 period sma in $SHAK if it holds > 49 & breaks to the upside.
$SHAK closed up 0.32 percent on Friday, August 28, 2015, on 49 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions.
$SHAK closed down 1.32 percent on Monday, August 31, 2015, on 67 percent of normal volume. what do we see today?
Shake Shack ($SHAK) - SHAK failed in the $51's on Monday but is worth watching going forward. Buy SHAK if we see a drop below $43.
Yeah, i don't get this sportcaster like reporting of the past with vague woulda coulda shoulda maybe terms. Here's a real thread on SHAK which by the way is heading to 25.00 per share Just like we nailed the $50.00 level, $25 is a lock. http://www.elitetrader.com/et/index.php?threads/marketsurfer-says-short-shake-shack.291104/page-66 surf
You are both vague in that case, for a complete call you need entry, target area and stop loss zone, Surf hardly ever states where his stop zone is. Hence both are forecasters.
$SHAK closed up 0.89 percent on Wednesday, September 2, 2015, on 37 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions.