slinden

Reversion back to long term trend line

NYSE:SHAK   Shake Shack, Inc.
Huge spike off of earnings. They were positive but not that positive the stock deserved a 25% rally in 2 weeks. Still trading at 154 x F/PE.Hit its long term resistance at the $100, momentum in lost and looks to be rounding down. Could see a big reversion to its long term trend line.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.