I do not recommend this stock and I do not own it. I really just wanted to point out the bull flag so perhaps this flight would make sense
I never thought Wing would get as far as it has.and it is pulling back today. When I saw the flag, I also saw the gaps behind me and I did not get in to this stock..but then it flew! Oh well The stock just seemed like one...
Gave back a lot of gains when it squatted few days before earnings. I would have made BIG if i decided to stop at BE instead of bailing.
Jul 16, 2020 10:29
Shares traded: 180
Closed P&L: $599.45
Share trade
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Execution detail:Advanced >
Date/time Symbol Qty Price Position
2020-07-16 10:29:40 WING 90 $132.840 90
2020-07-23...
DALLAS (AP) _ Wingstop Inc. (WING) on Wednesday reported second-quarter earnings of $11.5 million.
The Dallas-based company said it had net income of 39 cents per share.
The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 30 cents per share.
The restaurant chain posted...
stock breakout with 9.2% gain on 19 Jun
then consolidated from three days, and
today 25 Jun up 4% with huge volume!
another important observation: on 24 Jun,
general market index was down more then 2%
with volume, showing signs of distribution,
but WING was only down 0.08% with almost
half the usual volume --- a sign of accumulation!!
Contextual immersion trading strategy idea.
Wingstop Inc., together with its subsidiaries, franchises and operates restaurants under the Wingstop brand name. Its restaurants offer classic wings, boneless wings, and tenders that are cooked-to-order, and hand-sauced and tossed in various flavors.
The demand for shares of the company still looks higher than the...
Based on the previous analysis,
$WING is making a new high and has a uptrend. The last support level is 114.
Meanwhile , MACD is forming a bearish divergence in the nearest future, which indicates that it will be the last uptrend before the correction.
** Likes and Comments are welcomed; New Subscribers have wings! **
What I see...
:: If any restaurant would survive this pandemic, it would pizza delivery... and Wingstop type of joints where the food remains tasty (and presentable) after a delivery or curbside pick-up. I did a quick test on their website... the bill for 40 pieces of wings for pick-up was close...
