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Shake Shack (SHAK) reported strong earnings last night and shares are soaring 9% in pre market to $36.23.  Sales increased 40% from last year and the company reported $0.15 per share in EPS.  The company plans to open between 21-22 new locations next year which is a guidance raise.

Looking ahead for SHAK stock, shares will have resistance between $37-$39 as well as $42.94.  If we see another strong earnings report in February, we could see SHAK really explode higher.

My view that all pullbacks around $30 are a strong buy still stands.




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Stocks I'm Watching in 2017: TNA SHAK YINN UDOW SPXL SGY CLR and more...

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SHAK exploded 10% on Friday and closed above $36.  Expect more volatility in the months ahead but spring came early in the Northeast so Q2 should be excellent!

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Stocks to Buy 2017

Stocks to Buy 2017

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Shake Shack (SHAK)
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