Stocks to Buy based on the Best Stock Market Research
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.
Replies to This Discussion
finally breaking out!!
Yes, this break out looks very promising
New 52 week high today