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Thing

Shakeshack: SHAK Clearly Basing out in a range SHAKESHACK:SHAK Nice range trading, suitable for trend followers, evidently. Still looks OK to buy, using the lower parallel as a dynamic exit point if broken at any point before it reaches a very obvious upside target at 39.30 -39.62 range - at which point positions can be reversed with stops above 40. And then if that short is taken out it will show that it's long basing activity since IPO is at coming to an end...it should start a staggered ascent back towards the highs, the next near term trade being from 40.04 to 41.87. More as move develops...
NYSE:SHAKLong
by sumastardon
1